Real estate
ING picks up Creed real estate fund in Japan
ING Group's Asian real estate division has taken over Creed Real Estate Partners, a $1.1 billion Japanese office, residential and retail asset investment fund.
Harbinger apponts Nathan to head Vietnam casino
Harbinger Capital Partners has announced the appointment of Lloyd Nathan, a gaming industry veteran formerly with MGM Mirage, as CEO of its Vietnam casino development MGM Grand Ho Tram.
Colony checks partway out of Raffles to QIC
Colony Capital is reducing its stakeholding in iconic Singapore-centered hotel investment Fairmont Raffles Holdings International, in an $847 million deal with the Qatar Investment Authority, with Singapore's historic Raffles Hotel going to QIC for $275...
Real estate: blossoming in Japan?
Land of the Rising REIT?
RREEF loses Fogle in Asia
Mark Fogle, managing director and chief investment officer for real estate at RREEF Asia Pacific, the alternative investment group of Deutsche Bank AG's asset management division, is leaving the firm after three years of service.
VC-backed PRC hotel chain rises on NASDAQ debut
China Lodging Group Ltd, an economy hotel chain operator in China, has debuted on NASDAQ with a 27% rise on its first day's trading.
Real estate: China boom or bubble?
Where there is growth, investors will follow
Lazard Carnegie Wylie starts Oz pub fund
Lazard Carnegie Wylie Private Equity has announced the formation of an A$100 million ($91 million) fund to buy Australian distressed pubs, hotels and similar hospitality assets.
Chuo Mitsui plans $1.6 billion real estate business
Japan's Chuo Mitsui Trust & Banking Co. reportedly is planning to launch a real estate fund platform, targeting office and residential assets in Tokyo.
TPG may back Shriram Properties
US buyout firm TPG Capital may be backing Bangalore-based real estate developer Shriram Properties in their acquisition of property assets, according to local media reports.
Unison Capital to acquire MK for real estate
Control stake in restructuring/asset business
MGPA first fund wound up
Macquarie Global Property Advisors (MGPA), the private equity real estate investment group launched by Australia’s Macquarie has wound up its debut $480 million Global Fund I, launched in 1999 targeting Europe and Asia.
Red Fort makes second investment in India's 3C
Red Fort Capital, an India-focused private equity firm, has invested an undisclosed sum in a residential project being developed in Noida, in the northern state of Uttar Pradesh, by real estate firm 3C Company.
BoA will retain Merrill Asia property funds
Bank of America is no longer selling Merrill Lynch's $2.65 billion Asian property fund business, which the US bank had originally planned to divest among other non-core businesses following its acquisition of Merrill at end 2008 during the financial crisis.
PRC real estate play IFM Investments downsizes IPO
Chinese real estate company IFM Investments Ltd., which operates under a franchise agreement with major US real estate agency Century 21, has reportedly downsized the number of shares it plans to sell in its IPO on the New York Stock Exchange from 16.6...
Citi wants to sell Japanese ski resort
Citigroup is reportedly expecting to sell Niseko ski resort, a popular ski destination in Hokkaido for local and foreign skiers, which the group's Citigroup Principal Investments unit purchased in 2006 as part of a block deal totaling $54 million.
GIC could lose $720 million
An announcement that New York-based property developer Tishman Speyer Properties and a unit of BlackRock will not be making a full scheduled debt payment on Manhattan Eastside properties Stuyvesant Town and Peter Cooper Village could cost the Government...
NPS goes shopping in Sydney
South Korea’s National Pension Service has completed its bid for Aurora Place a 44-story office building known as one of the landmarks in Sydney’s central business district, for KRW750 billion ($660 million).
MGPA buys Clerical Medical portfolio
Macquarie-backed private equity real estate investment advisory firm MGPA has paid £52.5 ($85 million) to buy Lands Improvement Holdings plc (LIH) in the UK, from Clerical Medial Investment Group, part of the Lloyds Banking Group.
DE Shaw exits DLF Assets
DE Shaw has reportedly sold its 36% stake in Indian property trust DLF Assets, netting some $500 million.
Secured Capital gets Pacific Century Place
Tokyo-based real estate investor/asset manager Secured Capital Japan Co. has reportedly agreed to buy the Pacific Century Place building, in central Tokyo, by year end 2009.
Lend Lease Corp plans Oz distressed real estate fund
Australian construction and property management solutions company Lend Lease Corp has unveiled plans for a new A$400 million ($366 million) private equity fund targeting a range of commercial properties, from office buildings to shopping centers, currently...
Asian SWFs get real
Real estate commitments on the up