Real estate
Gaw Capital acquires London property for Korean investors
Gaw Capital Partners, a Hong Kong-based private equity real estate firm, has acquired Waterside House - an office building in London - on behalf of a pool of South Korean institutional investors.
Blackstone, Panchshil Realty to buy Mumbai office tower
The Blackstone Group and Xander Group-backed Indian developer Panchshil Realty are set to buy a majority stake in an office tower in Mumbai for close to INR9 billion ($144 million).
GIC to anchor Ascendas India realty platform
GIC Private will be the lead investor in an Indian real estate platform launched by Singapore-based Ascendas. The Ascendas India Growth Programme has a target size of S$600 million ($482 million) and will invest in real estate in India, focusing on business...
RRJ to launch $1b real estate fund - report
RRJ Capital, the Hong Kong-based private equity firm set up by former Hopu Investment Management executive Richard Ong, is said to be launching a $1 billion real estate fund targeting investments in China.
PAG real estate arm raises $1.5b Asia fund
Secured Capital, the Japan-based real estate investment arm of PAG, has reached a $1.5 billion final close on its fifth fund - Secured Capital Real Estate Partners V - exceeding its $1 billion target.
CIC to buy London business park from Blackstone - report
China Investment Corporation is in exclusive talks to acquire Chiswick Park - a 32-acre UK business park - from The Blackstone Group.
OTPP increases investment in Macau casino developer
Ontario Teachers’ Pension Plan (OTPP) has invested HK$299.9 million ($38.7 million) in Macau casino and hotel developer Louis XIII Holdings through a zero-coupon convertible bond issue. This is the Canadian pension plan’s second commitment to the...
Xander-backed KidZania to invest $75m in India theme parks
An Indian franchisee of KidZania, a kids indoor theme park chain backed by Xander Group, is looking to open as many a five theme parks in the country, investing up to $75 million.
Carlyle buys global real estate platform
The Carlyle Group has completed the acquisition of Metropolitan Real Estate Equity Management (MREEM), a real-estate fund-of-funds business with more than $2.6 billion in capital commitments. Equity for the transaction came from Carlyle's balance sheet...
Blackstone buys into China shopping mall developer
The Blackstone Group and ICBC International will acquire stakes of 40% and 6% respectively in Chinese shopping mall developer and operator SCP. The financial terms were not disclosed but Blackstone’s investment is reported to be worth $400 million.
Hony-backed Hydoo raises $200m in HK IPO
Hydoo International Holdings, a Chinese commercial real estate developer backed by Hony Capital, has raised more than $200 million in a Hong Kong IPO.
Gaw Capital closes fourth China real estate fund above $1b
Gaw Capital Partners, the Hong Kong-based private equity real estate investor, has reached a final close on its fourth China real estate fund at the hard cap of $1.025 billion. It is the largest vehicle the firm has ever raised.
Asia real assets: Need returns, will travel
Interest in Asian real assets has surged as investors look to higher growth emerging markets for income and upside. Opportunities run from real estate to infrastructure, and in some cases offer a bit of both
Schwarzman bullish on Blackstone's Australia prospects
The Blackstone Group is looking to increase its investments in Australian real estate and private equity, according to Stephen Schwarzman, the firm’s co-founder.
Blackstone opens Singapore office
The Blackstone Group has opened an office in Singapore, extending its footprint into Southeast Asia. The move comes as global private equity firms place increased emphasis on the region.
RRJ invests $50m in China property developer CIFI
RRJ Capital has agreed to invest $50 million in Shanghai-headquartered real estate developer CIFI Holdings via a new share subscription. The firm, which went public in Hong Kong last December, raising approximately $214 million, will use the capital for...
Northstar Group picks up ERA regional master franchise
Northstar Group has completed the acquisition of the Asia Pacific master franchise rights for property agency ERA from Hersing Corporation. It follows the Southeast Asia-focused GP's purchase of ERA franchise in Singapore from the same seller two months...
Australia’s CPA rejects $2.6b takeover bid from CPPIB, Dexus
The Commonwealth Property Office Fund (CPA) has rejected a A$2.7 billion ($2.6 billion) takeover bid from the Canada Pension Plan Investment Board (CPPIB) and Dexus Property Group (DXS) to acquire the trust's Australian office portfolio.
Indian regulator revives REITs plan
The Securities and Exchange Board of India (SEBI) has issued draft guidelines to set up real estate investment trusts (REITs) in the country, which could help provide liquidity to existing investors and attract more foreign capital.
Everbright Ashmore exits Chongqing shopping for 2.1x return
Everbright Ashmore has sold its investment in Chongqing shopping mall IMIX Park, making the second exit from the $153 million Everbright Ashmore China Real Estate Fund I.
India's Red Fort commits $162m to Lotus Greens residential projects
Real estate-focused Red Fort Capital is to invest INR10 billion ($162.7 million) in various residential projects being developed by Lotus Greens in the national capital region (NCR) around Delhi.
Blackstone buys Sydney home retail center - report
The Blackstone Group has reportedly bought the Home HQ North Shore shopping center from Charter Hall Retail REIT for A$72.5 million ($68.35 million).
Investors see bifurcation in Asia real assets exposure - AVCJ Forum
Investor appetite for real assets in Asia is strong, but infrastructure and real estate players speaking at the AVCJ Real Assets forum in Singapore noted that the nature of demand – between real estate and infrastructure and also between different entry...
India real estate: The long game
India's economic slowdown has created opportunities for real estate investors still convinced by the country's long-term fundamentals and with strategies that take capital where it is most needed