TE CAPITAL PARTNERS PTE. LTD. Business Review
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TE CAPITAL PARTNERS PTE. LTD.
UEN:201934520N
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TrustScore Analysis
TE CAPITAL PARTNERS PTE. LTD. has a TrustScore of 80. Businesses in this range are generally considered reliable. However, it's still advisable to conduct reasonable checks before engaging in transactions.
Our preliminary analysis has revealed key insights about TE CAPITAL PARTNERS PTE. LTD.'s performance and market presence. Here‘s a summary of our findings:
Positive highlights
Has been operational for several years
Official business profile found on major search engines
Negative highlights
- No employer brand presence on career platforms
- Does not have accessible contact information online
- Not accredited by CaseTrust
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Associated News for TE CAPITAL PARTNERS PTE. LTD.
8M Real Estateâs shophouse portfolio value soars from $400 mil to $1.4 bil in six years
He sees “some synergies” with Solitaire on Cecil, a new, freehold, 20-storey, Grade-A office development across the road on Cecil Street with strata-titled floors for sale. It is a redevelopment of the former PIL Building by TE Capital Partners and LaSalle Investment Management. In late April, the top three floors spanning levels 17 to 20 were sold for $162.8 million or an average of $4,300 psf across the total strata area of 37,857 sq ft. The topmost floor (20th) hit a new high of $4,325 psf. Savills Singapore brokered the deal.
TE Capital Partners acquires portfolio of Tokyo residential assets for $80.65 mil
TE Capital Partners, acting on behalf of its TE Japan Income Partners series, has completed the acquisition of a portfolio of multi-family residential assets located in Central Tokyo, Japan. The sale amounts to US$60 million ($80.65 million). (See also: TE Capital acquires portfolio of prime multi-family residential assets in Tokyo) The residential portfolio comprises a residential development in the Shinjuku ward, a residential development in the Koto ward, and one residential development in the Kita ward. In total, the three assets consist of 175 units. “This investment echoes the firm’s strategy of growing exposure to multi-family assets in Japan, a sought-after asset class offering long-term stabilized yields underpinned by strong urbanization trends and historically high occupancy levels ranging above 90 percent,” says Terence Teo, manging partner at TE Capital Partners.
TE Capital Partners in exclusive due diligence to buy PIL Building
Word on the street is that Singapore-based real estate investment and asset management firm, TE Capital Partners, is said to have entered an exclusive 60-day due diligence period for the purchase of PIL Building at 140 Cecil Street. (See also: TE Capital acquires portfolio of prime multi-family residential assets in Tokyo) The 17-storey office building is primarily occupied by Pacific International Lines (PIL), the world’s 23rd largest container shipping company. The company, which had been on the verge of liquidation, was rescued by Temasek Holdings’ wholly-owned investment firm Heliconia Capital Management, which pumped in US$600 million ($806 million) in March last year. Heliconia is now a majority shareholder of PIL.
Roxy-Pacific eyes more residential land; hospitality takes a toll on revenue
Teo believes that sentiment for the office market is turning optimistic soon, noting that companies are already asking staff to return to the office. But in the short run, “it’s quite difficult to be able to sign on new tenants, because companies are probably in cost-control mode”, he says. Teo adds: “That’s why if we buy any new buildings, we would probably need a longer lease period, or make sure that the [existing] occupancy rate is high.” Last year, the developer acquired an office building at 350 Queen Street, in Melbourne CBD, for A$145 million ($145.8 million). The purchase was made via a joint-venture partnership with TE Capital Partners, a Singapore investment management firm set up by family members of Tong Eng Group.
Company Industry
Singapore Standard Industrial Classification (SSIC)
64202
OTHER HOLDING COMPANIES
MANAGEMENT CONSULTANCY SERVICES N.E.C.