Real estate
Warburg exits Greentown for $54m
Warburg Pincus has reportedly raised HK$421.2 million ($54 million) by exiting Chinese property developer Greentown China after a six-year investment period.
LPs chose direct route into Indian property
APG Asset Management, the group responsible for one-third of all collective pension schemes in the Netherlands, plans to make direct investments into Indian real estate rather than make commitments to private equity funds.
CPPIB acquires interests in two Australian shopping malls
Canada Pension Plan Investment Board (CPPIB) has acquired interests in two Australian shopping centers through a A$436 million ($450 million) investment in AMP Capital Retail Trust. CPPIB now has a 37% stake in the trust, which in turn owns 50% of Macquarie...
CapitaLand sets up $215m housing PE fund in China
Singapore developer CapitaLand has closed its first value housing private equity fund, which will invest in affordable residential developments in China. It has a corpus of S$264 million ($215 million).
Ex-CIC real estate head to launch investment fund
The former global head of real estate at China Investment Corporation (CIC) has launched an independent investment fund. According to regulatory filings in Hong Kong, Collin Lau was appointed director of Bei Capital Partners in June.
Italian PE fund backs Indian Hotels in $1.9b Orient-Express bid
Montezemolo & Partners, an Italian family-owned private equity firm, and Indian Hotels (IH), India’s biggest accommodation provider, have launched a $1.86 billion takeover bid for Orient-Express Hotels (OEH), a Bermuda-based hotel chain.
CVC backs Australia's Mantra in Asia expansion
CVC Capital Partners will back Australian hotel group Mantra as it expands into Indonesia, Thailand and Papua New Guinea.
Blackstone seals India’s largest commercial real estate deal – report
The Blackstone Group has reportedly secured the biggest commercial real estate deal in India to date, acquiring a 50% stake in a portfolio of three business parks for $200 million.
PE-backed Samhi invests in Accor-owned Indian hotel chain
Samhi Investments has acquired a 60% stake in Barque Hotels, the company that owns 15 Formule 1 hotels in India, from French hospitality group Accor.
Azure Capital launches $94m property fund
India's Azure Capital is raising an INR5 billion ($94.10 million) real estate private equity fund that will target commercial properties across the top seven cities in the country. The new vehicle - India Realty Fund II (IRF2) – will be raised completely...
Yishan creates JVs to tap Indonesia real estate market
Yishan Capital Partners, a Southeast Asia-focused real estate investment and asset management firm, has formed two strategic joint ventures to improve its penetration of the Indonesia market. The Yishan team, which spent more than a decade investing in...
Fulcrum reaps 10x from Casa Grande exit
SME-focused private equity firm Fulcrum Venture India has reaped a money multiple of 10x from its investment in Indian real estate company Casa Grande.
Everstone, JLL in India property management tie-up
Everstone Capital has reached an agreement with Jones Lang LaSalle India under which the property manager will assume responsibility for four shopping malls in Pune, Kochi, Vadodara and Ahmedabad. It will provide leasing services and oversee operations,...
Goldman to sell Bangalore’s Four Seasons Hotel - report
Goldman Sachs is reportedly in formal talks to sell its 73% stake in Bangalore's Four Seasons Hotel in a deal that would fetch up to INR8 billion ($150 million).
Harvest Fund, Grosvenor form China property investment JV
China’s Harvest Fund Management and global real estate specialist Grosvenor Fund Management have formed a joint venture dedicated to property investments in Greater China.
Indian realty GPs show their distress
India’s real estate industry is facing tough times amid rising debt costs and tighter credit access. But why are the private equity owners more distressed than the assets themselves?
Indiareit raises $46m for India redevelopment fund
Indiareit Fund Advisors, a real estate investor backed by Indian entrepreneur Ajay Piramal, has raised INR2.5 billion ($46 million) for a fund targeting redevelopment projects in Mumbai. The firm expects to reach a final close of up to INR5 billion in...
MGPA acquires Australian property for $110m
MGPA, a private equity real estate investment firm, has acquired a property of retail and office spaces located in Sydney, Australia, for A$105.1 million ($110 million).
MGPA reaches first close on real estate fund
The latest fund being raised by MGPA marks a departure from the investment firm’s previous real estate vehicles. MGPA Asien Spezialfonds, which announced a first close on EUR85 million ($111 million) last week, represents the firm’s first so-called...
Motilal Oswal PE invests in Indian realty project
Motilal Oswal Private Equity Advisors has teamed up with two real estate firms - Supreme Universal and the Mirchandani Group – to invest INR600 million ($11 million) in an Indian realty project.
Motilal Oswal PE to set up real estate fund
Motilal Oswal Private Equity is planning to set up a real estate fund worth up to INR6 billion ($108 million). The fund will tap both institutional investors and high net worth individuals (HNWIs).
Century Bridge in China fund debut
Raising a China-focused first-time fund is rarely easy, a Century Bridge can attest. Tom Delatour, CEO of the real estate private equity firm, came to China in 2006, assembled a team of investment professionals, and launched a fund in spring 2010. The...
MGPA announces first close on Asia real estate fund
MGPA, a private equity real estate investment firm, has held a first close on a EUR500 million ($639 million) Asia property fund targeting German investors. The vehicle has so far received EUR85 million ($109 million) from three German institutions.
Century Bridge closes China real estate fund on $170m
Century Bridge has reached a final close of more than $170 million for its China-focused real estate fund. The Century Bridge China Real Estate Fund will invest equity in build-to-sell, middle-income, residential real estate projects and development enterprises...