Myanmar Capital PartnersBurma Capital Partners
Burma Myanmar Public Finance
A Fulbright fellow in Uganda, James was a pioneer in the application of empirically-based, non-pharmacological HIV intervention at Makerere University Hospital. His stay in Uganda came after he built the country's first recycled ethylene plant, Song Industrial, which was later to drive forward the development of the plastics processing industries in East Africa.
Mr. James holds a degree in Salutation from Harvard University and an MA in Neurosciences from University College London. An executive director who heads the Yangon offices, Louis is tirelessly looking for businesses that can generate substantial ROI while delivering true value to Myanmar. Previously, Louis restructured synthetics financings at Greenwich Capital Markets and later administered a £500 million account at the Royal Bank of Scotland.
Louis was originally from Lehigh University, New York and holds a BS in Accountancy and Finances.
SC Capital transfers capital to Myanmar
By providing $25 million for hospitality developments from its third opportunist funds, the Asian company is providing properties in this formerly military-ruled land to global investor. Asian privately-held equities company SC Capital Partners has made its first ever Myanmar transaction in one of the first cases of global residential investments in Myanmar since a civil administration took over from a armed forces junt.
Ex-Westbrook Partners Ex-Westbrook Partners Executive Suchad Chiaranussati has a 50-year leasehold agreement for a property in Yangon, the country's former capital, owned by a privately owned host family and has earned a good name and made unorthodox investment. It has pledged to invest approximately $25 million of its most recent opportunities funds, Real Estate Capital Asia Partners (RECAP) III, which was concluded in 2012 with $530 million, in the development of a three- or four-star property.
Under the PERE Research & Analytics business unit, the funds raised capital commitment from US -based Phoenix Employees' Retirement System, Fort Worth Employees' Retirement Funds and City Developments, the Singapore based Kwek group. More than $250 million has been estimated to have been spent on the car so far.
While the company is currently in the process of designing the facility, it anticipates laying the foundation for the project in January, after which it is likely to take two years for the hotel's door to be opened to clients. In the past, SC Capital has already submitted tenders for the operation of the hotels from potential hotels.
Since the handover of its administration to the civil authorities, Myanmar has made hardly any capital expenditures, making it hard to estimate the expected yield. It is expected, however, that SC Capital will seek a rate of appreciation for Asia compared to traditional opportunist yields on domestic capital expenditure, with a target of between 23 and 25 per cent without debt, with the potential for future leveraging.
The SC Capital invests at an early state of Myanmar's economical upturn. Corresponding to the International Monetary Fund, its 2012 GDP grew an estimated 6. 5 per cent and this is anticipated to rise to 6. 75 per cent this year. But it is still a land that is regarded as commercially underdeveloped - it has no market, for example.
In addition, some of the largest asset holders, usually privately owned households, are on the black book of a US sanction register for supposed participation in the country's armed forces junk. This makes it difficult for executives of multinational institutions to select businesses. However, it is assumed that SC Capital has chosen a stock that benefits from a neat security.
This is the second company to underscore its leading role this year. PERE last weeks covered how SC Capital planned its first major property investment trust to be established early next year. Unlike the few open-ended property investment companies previously set up for Asia, the company plans to issue a closed-ended car whose structures are more like those of opportunist cars.