Real estate
KKR, Sino-Ocean invest in Beijing Capital Juda
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, VinaCapital to create SE Asia hotel platform
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.
China co-working space operator UrWork raises $46m
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.
Warburg Pincus-backed D&J China buys 40% of KaiLong
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.
Anbang-led consortium withdraws $14b bid for Starwood
A consortium led by China’s Anbang Insurance Group that was vying to take over Starwood Hotels & Resorts Worldwide has withdrawn its $14 billion bid for the company.
Anbang-led consortium raises offer for Starwood
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, JC Flowers back Anbang's $13b Starwood bid
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.
India's Essel Finance commits $11m to housing developer
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 leads $100m round for India's Oyo Rooms
SoftBank has led a $100 million Series B round of funding for Oravel Stays, the start-up behind Indian budget hotel booking marketplace OyoRooms.
SCPE, IFC, ADB back India affordable housing JV
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's GIC buys 35% stake in Brazil shopping mall
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 closes third Asia real estate fund at $1b
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.
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.
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.
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.
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.
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.
TPG, PAG consortium merges DTZ with Cassidy Turley
TPG Capital, PAG Asia Capital and their co-investor Ontario Teachers’ Pension Plan (OTPP) have followed up their acquisition of DTZ, the property services arm of Australia-listed UGL, with the purchase of US-based Cassidy Turley.
Blackstone joins $1.1b financing for Singapore property developer
The Blackstone Group is backing an investment platform launched by City Developments (CDL) that will enable the Singapore real estate firm to raise S$1.5 billion ($1.1 billion) in return for exposure to cashflows generated by properties on the resort...
Blackstone acquires GE's Japan real estate business
The Blackstone Group has bought General Electric's (GE) residential real estate business in Japan for JPY190 billion.
TPG-owned Inghams sells $138m in real estate assets
TPG Capital-owned Australian poultry producer Inghams Enterprises has sold 31 properties to W.P. Carey, a US-based real estate investment trust, for A$157 million ($138 million).
Hony-backed Jin Jiang buys Louvre Hotels
Shanghai Jin Jiang International, a Chinese hotel operator backed by Hony Capital, has agreed to buy Europe’s second-largest hotel group Louvre Hotels from US real estate investor Starwood Capital.
