Investments
4Funds
1Partners & Customers
6Latest Sinar Mas Land News
May 17, 2022
By Editorial Team 17/05/2022 Summary Sinar Mas Land, listed on the Singapore Stock Exchange (SGX), announced the purchase of an office building in central London, England, for £195 million or US$238 million. In an information disclosure to regulators, the property developer owned by the Widjaja family, officially acquired 32-50 Strand in the Charing Cross area of 12,914 square meters. Sinar Mas Land purchased the historic commercial building from London-based property giant Land Securities Group (Landsec). "The acquisition of 32-50 Strand will further strengthen recurring income by adding key assets with strong cash flows," Sinar Mas Land's management explained. The company aims to complete the transaction by the end of June, funded from internal cash and bank loans. For your information, in April, Sinar Mas Land sold its office block at 10 Great Pulteney Street in Soho, London, for £ 72 million or equivalent to Rp 1.45 trillion. The proceeds from the sale were used to repay bank loans. Start your free trial. If you would like to get a 30-day free unlimited access to all of our insights, please click “Start free trial” button below. If you already have an account, please login.
Sinar Mas Land Investments
4 Investments
Sinar Mas Land has made 4 investments. Their latest investment was in Sirclo as part of their Series B - III on September 9, 2021.
Sinar Mas Land Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
9/10/2021 | Series B - III | Sirclo | $36M | No | East Ventures, Saratoga Investama Sedaya, Traveloka, and Undisclosed Investors | 9 |
8/27/2020 | Series B | |||||
8/19/2019 | Seed VC - II | |||||
3/29/2019 | Series A |
Date | 9/10/2021 | 8/27/2020 | 8/19/2019 | 3/29/2019 |
---|---|---|---|---|
Round | Series B - III | Series B | Seed VC - II | Series A |
Company | Sirclo | |||
Amount | $36M | |||
New? | No | |||
Co-Investors | East Ventures, Saratoga Investama Sedaya, Traveloka, and Undisclosed Investors | |||
Sources | 9 |
Sinar Mas Land Fund History
1 Fund History
Sinar Mas Land has 1 fund, including Urban Gateway Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
Urban Gateway Fund | 1 |
Closing Date | |
---|---|
Fund | Urban Gateway Fund |
Fund Type | |
Status | |
Amount | |
Sources | 1 |
Sinar Mas Land Partners & Customers
6 Partners and customers
Sinar Mas Land has 6 strategic partners and customers. Sinar Mas Land recently partnered with Mitbana on April 4, 2021.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
4/12/2021 | Partner | Singapore | Sinar Mas Land has strong strategic partners such as Sojitz Japan , Aeon , Itochu , Mitsubishi Corporation , Hongkong Land and local partners such as Kompas Gramedia and Kalbe . | 1 | |
4/12/2021 | Partner | ||||
11/9/2020 | Partner | ||||
9/14/2020 | Partner | ||||
9/14/2020 | Partner |
Date | 4/12/2021 | 4/12/2021 | 11/9/2020 | 9/14/2020 | 9/14/2020 |
---|---|---|---|---|---|
Type | Partner | Partner | Partner | Partner | Partner |
Business Partner | |||||
Country | Singapore | ||||
News Snippet | Sinar Mas Land has strong strategic partners such as Sojitz Japan , Aeon , Itochu , Mitsubishi Corporation , Hongkong Land and local partners such as Kompas Gramedia and Kalbe . | ||||
Sources | 1 |
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