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Sovereign Wealth Fund Acquires 49% Stake in Ho Bee Land's SPV for $55m

Singapore Business Review ·  Aug 12 23:43

The SPV holds the biomedical life-science development, Elementum.

The Sovereign Wealth Fund (SWF) has acquired a 49% stake in HB Universal (HBU), the special purpose vehicle (SPV) of Ho Bee Land, for $55m.

Since HBU holds Elementum, SWF will also have a stake in the state-of-the-art biomedical life-science development.

Elementum is a premier life sciences hub with a gross floor area of 445,300 square feet.

The asset is a key landmark in the Buona Vista area, adjoining the Rail Corridor Park and two major metro lines.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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