a property fund managed by Pramerica Real Estate in its acquisition of a 99-year leasehold white site in Singapore at Serangoon Central at an acquisition price of over S$800 million, the site is to be developed into a commercial development to be integrated with the mass rapid transit station;

the listed fund manager ARA Asset Management Limited in the establishment of ARA Asia Dragon fund, a US$1.2 billion private equity closed-end property fund with leading US pension fund CaIPERS as a major investor, to invest in real estate in Asia with primary focus on China, Singapore, Hong Kong and Malaysia;

Saudi Arabian wealth management company Saudi Economic and Development Company in a S$760 million joint venture with listed Keppel Land Limited for the acquisition and development of landmark waterfront projects in Jeddah, Saudi Arabia;

a subsidiary of Government of Singapore Investment Corporation (Realty) Pte Ltd in its investment in a major commercial complex in Fukuoka, Japan comprising hotel, retail malls and baseball dome through a complex structure with the use of Tokutei Mokuteki Kaisha, bonds and other loan structures, with a value of over S$1.5 billion;

in the structuring, negotiating and finalising of various agreements in the divestment of the Raffles City complex in Singapore comprising two hotels, convention centre, office tower and retail mall for a divestment value of over S$2 billion; and

a Bahrain based investment fund in acquiring a majority interest in a Shariah compliant property fund, and the acquisition of a portfolio of over 60 industrial buildings, with transaction value of over $1.71 billion.