Composition Capital Partners has sealed two joint venture agreements in Malaysia and Vietnam to take advantage of 'compelling deals and attractive returns', the Amsterdam-based investor said.
Composition Capital Partners has sealed two joint venture agreements in Malaysia and Vietnam to take advantage of 'compelling deals and attractive returns', the Amsterdam-based investor said.
The venture in Malaysia is for the development of suburban residential projects in Kuala Lumpur, Klang Valley and Penang, designed to meet local demand in an area with a stable economic base and continuing urbanisation. The partnership’s first acquisition is expected to complete during Q1 2012.
The joint venture in Vietnam will focus on the acquisition of development projects across sectors where zoning is already permitted or pre-approved, reducing both risk and length of realization period. The venture expects to complete the first transactions shortly.
The deals represent the final investments for Composition Capital’s Asia Fund II. 'These investments provide access to niche areas in both the Malaysian and Vietnamese markets at a time when we are seeing great opportunities available,' said Bill Shaw, Composition’s director for Asia.
Composition Capital Partners is an independent real estate fund manager with offices in Hong Kong and Amsterdam. Four principals own and manage the company.
