In 2021 Symphony exited its interest in a luxury villa in Phuket which had formed part of the settlement in 2020 for a structured loan transaction made in 2014.
We invest in branded real estate developments, from site acquisition to conceptualisation, design, development and marketing, as well as in land holdings.
Our portfolio investments include SG Land Co. Ltd. (“SG Land”), Minuet Limited (“Minuet”), Desaru Peace Holdings Sdn. Bhd. (“DPH”), and an investment through a Niseko Property Joint Venture (“NPJV”).
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SG Land is a property development company that holds the leasehold rights for two commercial buildings in central Bangkok.
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Minuet has land holdings in Bangkok, currently being held for development or sale.
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DPH is a joint-venture with the Malaysian affiliate of Themed Attractions Resorts & Hotels Sdn Bhd., a hotel and destination resort investment subsidiary of the sovereign wealth fund Khazanah Nasional Berhad, which has developed and launched a luxury hotel and villas on the south-east coast of Malaysia, operated by One & Only Resorts.
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NPJV holds a land site for future sale or development in Niseko, in partnership with Hanwha Hotels & Resorts.
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Short Description
We invest in real estate from site acquisition to conceptualisation, design, development and marketing
Current portfolio description
We invest in branded real estate developments, from site acquisition to conceptualisation, design, development and marketing, as well as in land holdings.
Our portfolio investments include SG Land Co. Ltd. (“SG Land”), Minuet Limited (“Minuet”), Desaru Peace Holdings Sdn. Bhd. (“DPH”), and an investment through a Niseko Property Joint Venture (“NPJV”).
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SG Land is a property development company that holds the leasehold rights for two commercial buildings in central Bangkok.
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Minuet has land holdings in Bangkok, currently being held for development or sale.
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DPH is a joint-venture with the Malaysian affiliate of Themed Attractions Resorts & Hotels Sdn Bhd., a hotel and destination resort investment subsidiary of the sovereign wealth fund Khazanah Nasional Berhad, which has developed and launched a luxury hotel and villas on the south-east coast of Malaysia, operated by One & Only Resorts.
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NPJV holds a land site for future sale or development in Niseko, in partnership with Hanwha Hotels & Resorts.
Exited portfolio description
In 2006, we made an initial investment in four high-end residential apartments in a premier residential and real-estate development in Macau, One Central Residences. We completed the sale of the final apartment in 2012.
SG Land is a joint venture between Symphony and an established Thai property development company, and owns the leasehold rights to two office buildings – SG Tower and Millenia Tower - in Bangkok, Thailand. These buildings, in prime downtown Bangkok locations, have high occupancy rates and offer attractive rental yields.
Symphony has invested in a joint venture with an affiliate of Themed Attractions Resorts & Hotels Sdn Bhd, an investment subsidiary of Khazanah Nasional Berhad, the investment arm of the Government of Malaysia. The joint venture has developed a resort that comprises a beach-front country club and villas next to two championship golf courses on the south-east coast of Malaysia. Our 49% interest in the venture will enable us to capitalise on the increasing demand in the Asia-Pacific region for luxury real estate, and will also diversify our current investment portfolio.
In 2011, Symphony invested in a property development joint venture that acquired two hotels in the internationally renowned winter-sports and year-round vacation destination of Niseko, Hokkaido, Japan. At the end of 2019, the Niseko Property Joint Venture (“NPJV”), entered into an agreement for a partial sale of Niseko. The transaction involved a partial sale of land and a new joint-venture to co-develop another part of the land with Hanwha Hotels & Resorts.
Minuet is a joint-venture real estate investment with an established Thai partner, who brings local knowledge and real-estate expertise to the project. The investment is a holding of approximately 40 hectares of land in Bangkok, Thailand. We have a direct 49% interest in the project, and we will continue to consider development and, or, sale options for the land holding.