UOB to set up $400m US property fund

The bank is partnering with UK asset management company Hermes.

A Reuters report said, “A joint venture between UOB and HGF Investor Fund will team up with Hermes Real Estate Investment Management to set up the fund which will make long-term investments in commercial real-estate in the United States.”

According to a UOB filing to Singapore Exchange, HGF Investor Fund is a unit of U.S.-based Hampshire Real Estate Companies, which has more than $1 billion worth of equity under management and assets valued at over $2.5 billion.

View the full report here.

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