Real estate
French real estate investor IREIFS forays in Thailand's resort business
IREIFS (International Real Estate Investment & Financing Solutions) Investment Group, a Paris-based privately held real estate investment firm, has entered into a JV to develop two new resort projects in Chiang Mai, including the Mae Rim and Ping River...
Milestone Capital invests Chennai's Pelican Group for affordable housing
India's Milestone Capital Partners has invested INR20 crore ($4.3 million) in Pelican Group, a Chennai-based real estate developer, to fund expansion in the affordable/social housing segment through its Pelican Affordable Housing unit.
Indian hospital operater Fortis considers listing real estate investment trust
Indian hospital operator Fortis Healthcare – which lost the months’ long battle for Singaporean hospital asset Parkway Holdings to Malaysian SWF Khazanah Nasional in July – is considering listing its hospital land and building assets in Singapore...
TPG nears $100 million deal with Shriram Properties
TPG Capital is reportedly set to invest $100 million for a nearly 25% stake in Shriram Properties, an Indian asset with an estimated value of more than $400 million.
CIC investee Goodman Group eyes ING Oz REIT fund
Goodman Group, the world's third largest logistics facilities operator in Australia, and 18.2% owned by SWF the China Investment Corporation, has emerged as the most likely buyer of management rights for the A$1.2 billion ($1.07 billion) ASX-listed ING...
Blackstone may take over Morgan Stanley's Japan real estate assets
Leading global private equity firm the Blackstone Group is said to be near to finalizing a deal to purchase Morgan Stanley’s holdings of Japan CMBs with a face value of around JPY100 billion ($1.14 billion).
Temasek to invest RMB2 billion in China IT real estate project
Temasek Holdings is to inject RMB2 billion ($295 million) into a real estate project in Guangzhou in southern China, through its subsidiary Singbridge International, in partnership with Guangzhou municipal government and with an investment ratio of 50:50.
Fortress gets debt entry to daVinci
Fortress Investment Group, the distressed debt and real estate investment firm, has made a $232 million investment into Japanese real estate firm daVinci Holdings, by acquiring a loan originally made by BNP Paribas.
ICICI Venture's Entertainment World to launch $96 million IPO - reports
ICICI Venture-backed real estate firm Entertainment World Developers Ltd (EWDL) reportedly looks to raise INR4.5 billion rupees ($96 million) in an IPO.
IL&FS India Realty Fund II to invest Aria Hotels
IL&FS Investment Managers' $895 million IL&FS India Realty Fund II will invest INR80 crore ($17.2 million) for an undisclosed stake in Aria Hotels and Consultancy Services (Aria Hotels), a subsidiary of the Asian Hotels group, which owns the 400-room...
Blackstone to take over BofA real estate portfolio in Asia
US private equity firm the Blackstone Group will pick up opportunities in Asian real estate deals by taking over management of a portfolio of regional real estate investments from Bank of America Merrill Lynch, according to reports.
Tishman Speyer eyes Indian IT park
Tishman Speyer, the global real estate investment firm, is reportedly in discussions to acquire the soon-to-be-completed IT Park in Gurgaon owned by BPTP Ltd, a New Delhi-based real estate developer, in a deal estimated at around INR400 crore ($857.4...
Yatra Capital sees Indian opportunities
Yatra Capital, the Euronext-listed company focused on real estate investments in India, plans to invest up to INR115 crore ($24.4 million) through two realty deals in 2010, Christopher Wright, chairman and co-founder at Yatra Capital, said publicly.
Mekong invests in Vietnam real estate
Mekong Capital, through its Vietnam Azalea Fund, has invested $9.1 million for a minority stake in Nam Long Investment Corporation, a leading privately-owned real estate developer in Vietnam.
IL&FS increases ties to Orbit Corp. through $64 million investment
Indian redevelopment firm Orbit Corporation is reportedly set to link with IL&FS Investment Managers to launch a INR300 crore ($64 million) fund for one of its Nepean Sea Road projects, coming months after the private equity firm participated in an INR165...
GIC’s logistics unit to rake in $700 million in anticipated IPO
The Government of Singapore Investment Corp (GIC), the city-state’s leading SWF, is set to launch an initial public offering for its logistics arm later this year, with the aim of raising at least S$1 billion ($707 million).
IL&FS Milestone invests $122 million in Indian construction company
India’s IL&FS Milestone Fund is poised to take a 74% stake in the Hindustan Construction Co. following an INR5.75 billion ($122.3 million) investment.
BMB Group acquires Contrarian for real estate
Asian investment and advisory firm the BMB Group,has acquired Paris-based Contrarian Capital Partners SA and its advisory subsidiary, Beacon Hospitality Partners S.A.R.L in Luxembourg, both of them specializing in real estate advisory services for Middle...
GIC emerges as final bidder for Grosvenor luxury hotel
Government of Singapore Investment Corp. (GIC) has emerged as one of the final contenders vying to acquire the Grosvenor House Hotel, owned by the Royal Bank of Scotland Group PLC.
J-Will pips Advantage, TPG for Anabuki
Japanese private equity player J-Will Partners, acting in consortium with major local apartment developer Daikyo Inc., has entered the winning bid for bankrupt developer Anabuki Construction, winning out over some 30 bidders including Advantage Partners...
Advantage, J-Will, TPG in frame for Anabuki
Private equity bidders including Advantage Partners, J-Will Partners and TPG Capital are into the final round for Anabuki Construction Ltd., a defunct apartment developer based in Japan's southern island of Shikoku, in a deal worth at least $222 million...
Mount Kellett appoints MacNamara for real estate
Mount Kellett Capital Management, the multi-strategy firm formed by former Goldman Sachs special situations star Mark McGoldrick and named after a mountain in Hong Kong, has engaged James MacNamara as an MD in London to invest in European real estate.
CLSA Fudo plans new Tokyo hires
CLSA Capital Partners' Japan-based real estate platform, Fudo Capital, plans to hire more staff in Tokyo this year as it invests its $816 million Fudo Capital II fund.
SC Asia sells DLF stake for $696 million
Private equity investor SC Asia has sold most of its stake in DLF Assets, an Indian real estate management and investment firm, to its parent DLF Ltd., for some $696 million.