Navis Capital Partners and The Blackstone Group will exit National Lifestyle Villages (NLV), an Australian developer and operator of mobile home parks, to Serenitas, a joint venture between Singapore’s GIC Private and local GP Tasman Capital Partners.
US-based co-working space operator WeWork has acquired industry peer Naked Hub, which is backed by Hong Kong-based Gaw Capital Partners, as part of a continued expansion in China and Southeast Asia.
Chinese PE-backed co-working space provider Ucommune, formerly known as UrWork, has acquired domestic industry peer Woo Space.
Warburg Pincus has led a RMB1.5 billion ($227 million) round of funding for Sunsea Parking Industry Group, a Chinese car park management company. Furniture retailer Red Star Macalline - a Warburg Pincus portfolio company - also participated.
UrWork, a Chinese co-working space operator with a number of private equity backers, has received a $29.4 million investment from domestic conglomerate Beijing Love & Health Group.
China Everbright, IDG Capital and CITIC Private Equity have participated in a RMB500 million ($73.5 million) Series A round of funding for Terminus Technologies, which claims to be China’s largest city-level mobile internet platform.
Anxin Apartment, a China-based serviced apartment operator, has raised RMB300 million ($43 million) in a Series B round spread across two tranches.
China VC-backed UrWork, a co-working space provider for start-ups, has raised a RMB400 million ($58 million) Series B round of funding at a post-money valuation of about $1 billion.
KKR has partnered with Chinese property developer Sino-Ocean Group Holding to invest HK$1.5 billion ($190 million) in retail outlet developer and operator Beijing Capital Juda.
Warburg Pincus has teamed up with Vietnam-based GP VinaCapital and Don Lam, the firm’s founder, to create a hotel investment platform intended to tap into rising inbound tourism in Southeast Asia, particularly from China.
VC-backed UrWork, a co-working space provider for Chinese start-ups, has completed a pre-Series B round worth RMB300 million ($46 million) from Chinese commercial property developers Yintai Land and Zhongrong International Trust.
D&J Industrial Property, a Chinese business park developer co-founded and majority-owned by Warburg Pincus, has agreed to acquire a 40% stake in real estate investment firm KaiLong Group for an undisclosed sum.
A consortium led by China’s Anbang Insurance Group that was vying to take over Starwood Hotels & Resorts Worldwide has withdrawn its $14 billion bid for the company.
A consortium led by China’s Anbang Insurance Group has raised its all-cash offer for Starwood Hotels & Resorts Worldwide to about $14 billion, or $82.75 per share.
Primavera Capital and J.C. Flowers & Co. have been confirmed as co-investors in a $13.1 billion all-cash offer for Starwood Hotels & Resorts Worldwide submitted by China-based Anbang Insurance Group.
The private equity arm of India's Essel Finance has invested INR400 million ($6 million) across two housing projects by Mumbai-based developer Rashmi Housing, and will invest another INR350 million in a third project.
SoftBank has led a $100 million Series B round of funding for Oravel Stays, the start-up behind Indian budget hotel booking marketplace OyoRooms.
Standard Chartered Private Equity (SCPE), the International Finance Corporation (IFC) and the Asian Development Bank (ADB) have formed an affordable housing joint venture with Indian real estate giant Shapoorji Pallonji.
Singapore sovereign wealth fund GIC Private has acquired a 35% stake in Brazil's Via Parque Shopping, a mall in Rio de Janeiro, for $41.89 million from developer Aliansce Shopping Centers.
CLSA Capital Partners has closed its third Asian real estate fund - Fudo Capital III - at the hard cap of $1 billion, exceeding its initial target of $850 million.
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.
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.
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.
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.