Real estate
Indiareit's CEO quits to set up own fund - report
Ramesh Jogani, CEO and managing director of Indiareit Fund Advisors, an Indian real estate fund operated by Piramal Healthcare, is reportedly leaving the company to start his own fund.
Goodman, CPPIB boost China joint venture with $500m
Australian property and logistics firm Goodman Group and Canada Pension Plan Investment Board (CPPIB) have injected a further $500 million into their joint venture, Goodman China Logistics Holding (GCLH), increasing its capacity to a total of $1 billion....
CalPERS invests $530m in two China-focused property funds
The California Public Employees’ Retirement System (CalPERS) has committed $530 million to two China-focused real estate funds run by ARA Asset Management, a Singapore-listed affiliate of Cheung Kong Holdings.
Apollo launches two Asia real estate funds
Apollo Global Management has launched two funds that will invest in commercial real estate in Asia, seeking up to $750 million in capital. It comes barely three months after the private equity firm disclosed that it has raised about $255 million for an...
Polaris invests in Japan's Myland Real Estate
Polaris Capital Group has acquired a 30% voting stake in Myland Real Estate through its second country-focused fund. The investment is part of the Japanese property broker's wider strategy to expand its business in preparation for an IPO in the next couple...
PE to join in on $504m DLF land buyout
A private equity player is thought to have teamed up with Lodha Group to buy a 17.5-acre plot of land in India from DLF, the country's largest developer, for INR28 billion ($504 million).
SAFE commits $500m to Blackstone property fund – report
China’s State Administration of Foreign Exchange (SAFE) has reportedly committed $500 million to The Blackstone Group’s latest real estate private equity fund. Blackstone Real Estate Partners VII has proved popular with investors and Stephen Schwarzman,...
Red Fort to raise $500m for third fund - report
Red Fort Capital Advisors is reportedly planning to raise $500 million next year for its third Indian real estate fund.
Carlyle sees value in mid-market hotels
Marriott to Hilton to Shangri-La, international hotel brands are buys expanding their footprints in China. Among the country’s 600 five-star hotels, more than 500 are still under construction, and average occupancy rates are barely 60%, the lowest in...
CapitaMalls Asia raises $1b for China Development Fund III
CapitaMalls Asia, the shopping malls arm of Temasek-owned CapitaLand, has announced the establishment of its China Development Fund III with a fund size of $1 billion. The vehicle, with a fund life of eight years, will invest in the development of shopping...
ASK Property closes $175m real estate fund
ASK Property Investment Advisors (ASKPIA), a subsidiary of financial services firm ASK Group, has announced a final close of its second real estate fund on INR10 billion ($175 million).
Partners Group exceeds $800m with real estate fund
Partners Group has closed its Global Real Estate 2011 program at more than $800 million.
MGPA acquires multi-office portfolio in Japan
MGPA, a private equity real estate investment advisory firm, has acquired eight office properties in Japan, with all but one located in Tokyo. The investment was channeled through MGPA Asia Fund III and took the form of commercial mortgage-backed securities.
LaSalle Investment to raise $700m Asia property fund
LaSalle Investment Management, a unit of Chicago-based Jones Lang LaSalle, is seeking to raise $700 million for an Asia Pacific property fund.
Blackstone, Morgan Stanley buy Lloyds Australia loans for $621m - report
Blackstone and Morgan Stanley have bought 34% of a A$1.9 billion portfolio of distressed property loans for A$640 million ($621 million), from a unit of Lloyds Banking Group in Australia.
China property firms turn to PE as lender of last resort
Tightening policies imposed on Chinese real estate developers in recent years have accelerated the appetite for alternative financing channels. It represents a massive opportunity for private equity
Goldman Sachs invests in Alok Industries, CORE Education
Goldman Sachs has invested in Indian real estate asset Alok Industries and education solutions provider CORE Education & Technologies through two PIPE transactions.
Reliance Infratel buyout on the rocks
The Carlyle Group and The Blackstone Group’s proposed buyout of Reliance Communications’ telecoms tower unit looks to be in a state of limbo as the Indian firm said the sale can only proceed following clarification from the regulatory authorities.
Lazard-backed Hastie Group enters administration
Hastie Group, the Australian engineering company backed by Lazard, has entered into voluntary administration after recapitalization talks failed. It comes after recapitalization talks failed due to “accounting irregularities” led to a profits charge...
Xander invests $600m in real estate platform
Emerging markets private equity firm Xander Group has channeled a $600 million investment into Indian retail real estate asset platform Virtuous Retail.
Franklin Templeton raises $319m global real estate fund
Franklin Templeton has closed its latest real estate fund at $319.2 million, exceeding the initial target of $300 million.
TPG to invest in bankrupt Japanese apartment developer
TPG Capital has agreed to buy bankrupt Japanese apartment developer Joint Corp. alongside property consultancy Savills. The news comes after the private equity firm reportedly considered investments in two other distressed assets in Japan, Olympus Corp....
IIFL real estate fund makes first investment
IIFL Alternate Asset Advisors, the venture capital arm of the India Infoline Group (IIFL), has made the first investment from its venture capital fund, backing a slum redevelopment project.
LIC holds a first close of real estate fund at $47m
LIC Housing Finance, the mortgage unit of India's biggest insurer, has reached a first close of its maiden real estate private equity fund at INR2.5 billion ($46.5 million).