MGPA triumphs with Singapore mega-project

MGPA’s Asia Property Fund III is the proud owner of a landmark piece of real estate. In six weeks time, construction firm Hyundai hands over the keys to Tower One of Asia Square in Singapore. When the second tower of the project is finished in two years, investors should be sitting on a healthy return on their capital. The fund targets internal rates of return of 17-20%. The 43-floor building is located in Singapore’s Marina Bay district and is the biggest Grade-A office buildin…