News and Insights
Chelsfield Asia Successfully Completes Final Close of Chelsfield Asia Fund 1 at US$362.5 Million Plus a US$150 Million Co-investment Commitment
Chelsfield Asia Limited, the Asian subsidiary of Chelsfield Group, an international property company based in the UK, announced the final close of its first Pan-Asia value-add fund, Chelsfield Asia Fund 1 (“CAF 1” or the “Fund”) at US$362.5 million. In addition to the US$362.5 million, Chelsfield secured a co-investment commitment of US$150 million and to date raised US$366 million of co-investment commitments alongside its Fund’s first five investments, bringing the total equity amount raised to US$878.5 million.
Chelsfield Covid-19 Update
At Chelsfield, the health and welfare of our employees is a priority. In light of the increasing number of cases of COVID-19, and in line with national government guidance, our employees in London, Paris, New York, Hong Kong, Shanghai and Singapore are working from home. We continue to operate our business as usual while monitoring and following the advice of the relevant national governments. During this time, we’ll keep you updated on our news and activities from across our offices on LinkedIn.
Chelsfield Presents the “Merry-Go-Round” Exhibition at Worfu – A Celebration of Intertwining Ethnicities, Cultures and Generations
In our continuous effort to make public art accessible Chelsfield have launched an engaging community exhibition at WORFU. Titled “Merry-Go-Round, (氹氹轉 菊花園)”. The exhibition is a celebration of the spirit of the multi cultural and demographic community of North Point which is being based on from one generation to the next.
North Point, known as “the small Hong Kong”, is a vibrant high-density community with a wide diversity of ethnicities and cultures, living and working in the mixed-used urban landscape. The commercial buildings, residences, and shopping centers have been lived and worked in by many passing generations who have been an integral part of the urban development.
Chelsfield Asia announced today that it has made its fifth investment from its Asian value-add fund to acquire a fifty percent stake in four office buildings (“the Project”) located in Lifehub@Daning, which is a large-scale, retail-anchored mixed-use project in the Daning neighbourhood of Jing’an District, Shanghai, China through a 50/50 Joint Venture with Hong Kong based investment management firm Pamfleet.