25 May 2018

SC Capital raises €392M for core RE fund

20 July 17 - RE+D Magazine
SC Capital raises €392M for core RE fund



Consultant - GREECE

Solum Property Solutions

Consultant - GREECE


Public entity - GREECE

IBI Group

Consultant - GREECE


Antulio Richetta

Director IBI Group
Singapore-based SC Capital has raised €392million for its debut core-plus real estate fund, SCORE.


The fund had an initial target of US$400million and will now be closed to new investors for three years, or until 95% of the has been invested, according to The SCORE fund has attracted six institutional investors from the US and seven from Europe.

For some, it marks their first entry into Asia-Pacific real estate markets. SCORE has acquired five assets in Sydney, Tokyo, Hong Kong and Seoul.

Its first acquisition was student accommodation in Sydney. Its assets in Seoul and Hong Kong are leased mainly to tuition providers, and its fifth asset is student accommodation in Tokyo.

The collective gross value of the five assets is about US$143million.


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