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Gemini Investments Holdings Ltd informed investors that its shareholders have approved a proposal allowing its U.S. real estate fund platform to dispose of certain properties in the United States. The approval gives the company flexibility to proceed with asset sales in line with its fund strategy and market conditions. While the company has not disclosed the number of properties, their locations, or the expected transaction value, the move signals an active review of its U.S. portfolio. Gemini has exposure to overseas real estate through fund platforms, and such decisions are typically aimed at portfolio optimisation, capital recycling, and risk management.
Gemini Investments Holdings Ltd said that its shareholders have approved the disposal of properties held through its U.S. real estate fund platform. The company disclosed the development in a regulatory filing, confirming that the approval allows the platform to proceed with selling certain U.S.-based assets. Advertisement
The company did not provide further details on which properties would be sold, the timelines involved, or the expected proceeds from the disposals. It also did not indicate whether the sales would be executed in phases or as part of a broader restructuring of its U.S. portfolio.
Gemini Investments has, in the past, used fund platforms to invest in overseas real estate markets, including the United States, as part of its diversification strategy. Such platforms typically allow flexibility in buying and selling assets based on market cycles, investor returns, and funding requirements. Asset disposals through these vehicles are often undertaken to realise gains, reduce leverage, or redeploy capital into other opportunities.
The approval from shareholders provides the company with the required mandate to move ahead, subject to market conditions and regulatory requirements in the U.S. real estate market.
Source Reuters
5th Jun, 2025
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