Real estate
Deal focus: RRJ doubles down on e-commerce logistics
When RRJ Capital first committed $250 million to Shanghai Yupei Group in April 2014, Temasek Holdings was its sole partner in the investment. The company had 16 warehouses with a total gross floor area of more than 1.4 million square meters and plans...
TPG joins $129m investment in Singapore's PropertyGuru
Singapore online property portal PropertyGuru has raised S$175 million ($129 million) from TPG Capital, Australia's Square Peg Capital, and Indonesian media company Emtek Group.
RRJ consortium commits $250m to China warehousing player
RRJ Capital has re-upped in Chinese logistics player Shanghai Yupei Group, leading a consortium that has agreed to invest $250 million in the business.
Warburg Pincus invests $200m in China serviced apartment chain
Warburg Pincus has made a follow-on investment in Mofang Gongyu, committing nearly $200 million across two rounds of funding for the Chinese serviced apartment developer.
CEO of India's Housing.com transfers all his shares to staff
Rahul Yadav, the controversial CEO of VC-backed Indian property listing platform Housing.com, has said he will transfer all his shares in the company to its employees.
TPG, PAG-owned DTZ to buy Cushman & Wakefield for $2b
DTZ, a property services provider owned by TPG Capital, PAG Asia Capital and co-investor Ontario Teachers’ Pension Plan (OTPP), has agreed to buy industry peer Cushman & Wakefield for an enterprise value of $2 billion.
SAIF leads $16m round for China real estate site Jiwu
SAIF Partners China has led a RMB100 million ($16 million) Series A round of funding for Jiwu.com, a Shenzhen-based real estate listings portal.
Softbank-backed Housing.com sees boardroom spat resolved
Rahul Yadav, the CEO of Indian property listing platform Housing.com has withdrawn his resignation from the start-up and issued an apology to its VC investors - which include SoftBank - after a very public spat.
GGV, Morningside back China real estate site Aiwujiwu
GGV Capital and Morningside Technologies have led a $120 million Series D round for Aiwujiwu, a Chinese rental and second-home listings portal. Existing investors Shunwei Capital Partners and Banyan Capital also participated.
CHAMP, Yorkway to buy Australian quantity surveyor
CHAMP Ventures and Yorkway Equity Partners are set to buy a majority stake in Australian quantity surveying company BMT Tax Depreciation in a deal that values the business at around A$65 million ($50.3 million).
PE-backed Red Star Macalline files for HK IPO
Red Star Macalline Group, a private equity-backed shopping mall operator in China, has filed to list on the Hong Kong Stock Exchange.
Baring branches into real estate
BPE Asia Real Estate, the property-focused affiliate of Baring Private Equity Asia, picks its markets based on entry price per square foot. When investing in property developments, this is inextricably tied to land costs.
Baring Asia closes debut real estate fund
Baring Private Equity Asia’s real estate affiliate has closed its debut fund with $365 million in commitments. The first two investments have also been completed in South Korea and the Philippines, respectively.
Mercurius Capital launches $80m PE fund with Chinese firm
Mercury Capital Investment, a subsidiary of Singapore-listed Mercurius Capital Investment, has teamed up with a Chinese real estate developer to launch a RMB500 million ($80 million) PE fund targeting urbanization projects in China.
Taiwan's Bureau of Labor Funds issues real estate, infrastructure mandates
The Bureau of Labor Funds (BLF), Taiwan’s largest pension fund system, will allocate a total of $2.4 billion to 12 global alternatives managers - four in real estate and eight in infrastructure.
VC-backed 58.com acquires Chinese real estate platform
Chinese online marketplace 58.com, a VC-backed classifieds website along the lines of Craigslist, has acquired Anjuke, an online real estate listing platform, for about $267 million.
Warburg Pincus to invest $125m in Indonesia shopping mall JV
Warburg Pincus plans to invest $125 million into a joint venture (JV) formed with Indonesian property developer Nirvana Development to build shopping malls in the country.
Creador invests $16.2 m in India's Ashiana Housing
Southeast Asia and India-focused GP Creador has paid INR1 billion ($16.2 million) for a minority stake in Ashiana Housing, a publicly-listed Indian property developer.
Sequoia leads $60m round for China construction site
Sequoia Capital has led a $60 million funding round for Wangzhu Corporation, an online construction services provider controlled by Chinese property developer Greentown Group.
Cowin Capital exits China department store via trade sale
Shenzhen Cowin Capital is set to make a full exit from Guangxi Nancheng Department Store as Better Life Commercial Chain Share won approval to buy its rival.
Facebook co-founder leads round for Singapore property site
Eduardo Saverin, co-founder of Facebook and Singapore resident, has led a S$2 million ($1.5 million) round of seed funding for 99.co, a local property listings site. Sequoia Capital also participated alongside several entrepreneurs-turned-investors.
L Capital Asia invests $100m in China mall operator Sasseur
L Capital Asia, a PE firm sponsored by luxury goods conglomerate LVMH, has invested more than $100 million in a second round of funding for Sasseur Group, a Chinese outlet shopping mall developer.
KKR's long-term India real estate solution
When KKR set up its first India-based non-banking financial company (NBFC) in 2009 to provide structured credit solutions to entrepreneurs, it was funded off the firm's own balance sheet. A few years on, it was reported that third-party investors were...
CPPIB, Longfor set up JV to invest in Suzhou commercial property
Canada Pension Plan Investment Board (CPPIB) has formed a joint venture with Chinese real estate developer Longfor Properties to invest in a mixed-used project in Jiangsu province, China.