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People: Terence Lee Resigns From KKR APAC


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As the Ox Year gets under way in Asia the region’s real estate people are on the move, with a KKR managing director reportedly heading out the door in Singapore, and a top US architecture firm signing on new leadership in Shanghai. There are also new name cards being distributed at Heitman, Oaktree and Knight Frank in Mingtiandi’s weekly roundup of personnel changes.
KKR Asia Pacific managing director
Terence Lee has resigned from his position with the fund manager, according to a report by Bloomberg. Lee, who has been based in Singapore, was with the US buyout pioneer for a decade, during which time he was involved in the company’s investment in Asian property listings platform PropertyGuru, as well as in Indonesia’s Gojek and other regional tech firms. ....

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Fifth Wall Launches First Proptech SPAC With $345M IPO


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Fifth Wall’s team have invested in scooters and trendy shoes, as well as proptech
Proptech investment firm Fifth Wall this past week celebrated the closing of the $345 million IPO for the venture capital firm’s first special purpose acquisition company (SPAC), the built-world-oriented Fifth Wall Acquisition Corp I.
Trading on the NASDAQ exchange under ticker symbol FWAA, the SPAC is a blank-cheque company incorporated for the purpose of achieving a future merger, asset acquisition or similar deal.
Fifth Wall co-founder and managing partner Brendan Wallace said the initial public offering was increased from the original target of $287.5 million because of “extraordinarily high public market demand”. ....

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New Tradition Media Signs Long-Term Lease Agreement for Master Advertising Lease at Ovation Hollywood with DJM and Gaw Capital Partners


New Tradition Media Signs Long-Term Lease Agreement for Master Advertising Lease at Ovation Hollywood with DJM and Gaw Capital Partners
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New Tradition Media has signed a long-term lease agreement with DJM and Gaw Capital Partners to take over the master advertising lease at the famed Ovation Hollywood property (previously Hollywood and Highland) in Los Angeles.
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“We’re honored to partner with some of the nation’s most esteemed landlords and properties, and adding Ovation Hollywood to our portfolio of inventory is a proud moment for us,” said Evan Richheimer, CEO of New Tradition.
LOS ANGELES (PRWEB) ....

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