Real estate
The Asia real assets story
It is difficult to tell whether Asia is at the beginning of a real assets story or negotiating a transition phase somewhere around the middle. "Real assets" is such an all-encompassing term, taking in everything from forestry to energy to real estate,...
ADIA buys Australia hotel portfolio
Abu Dhabi Investment Authority (ADIA) has bought Tourism Asset Holdings (TAHL), Australia’s largest hotel owner. The deal will see the Middle East sovereign wealth fund assume control of 31 Accor-operated properties in major cities.
Century Bridge commits $32.8m to Hangzhou residential project
Century Bridge Capital has invested $32.8 million in a joint venture with property developer Zhejiang Headway Real Estate to construct a middle-income, residential project in the eastern China city of Hangzhou.
Carlyle, Townsend commit $200m to China warehousing platform
The Carlyle Group and the US-based investment firm The Townsend Group will have agreed to invest $200 million in logistics warehouses in China. The capital will be used to acquire an undisclosed stake in five warehouses owned by Shanghai Yupei Group and...
GIC to acquire Blackstone stake in UK office complex - report
The Blackstone Group will reportedly sell its stake in London’s Broadgate complex to GIC Private for more than GBP1.7 billion pounds ($2.7 billion) in one of Europe’s largest office deals.
Northstar's Singapore buyout starts a new ERA
Singapore property developers sold 481 new homes in July, about one quarter of the previous month's total. It was the predictable result of real estate cooling measures introduced at the end of June that restrict monthly mortgage payments to no more than...
Blackstone offers $322m for property developer Tysan
The Blackstone Group has offered to buy Hong Kong-listed real estate developer Tysan Holdings for approximately HK$2.5 billion ($322.5 million)
Northstar buys Singapore's ERA Real Estate in MBO - update
The Northstar Group will buy ERA Real Estate, Singapore’s largest real estate agency, from Hersing Corporation in a deal reportedly worth more than S$100 million ($78.8 million). Jack Chua, former president of ERA, is leading a group of senior executives...
Century Bridge makes first investment via China fund
Century Bridge Capital has invested $44.4 million in a joint venture with Coastal Greenland for the development of a residential project in Wuhan, Hubei province. It is the first investment from the firm's China fund.
EXS Capital leads $37m investment in Vietnam RE developer
EXS Capital has led a $37 million investment in Vietnamese real estate developer Son Kim Land (SKL). Financial details of the transaction were not disclosed.
ADIA to invest $200m in India's Kotak Realty Fund – report
Abu Dhabi Investment Authority (ADIA) is reportedly planning to commit about $200 million to Indian real estate and has appointed Kotak Realty Fund, run by Kotak Mahindra Bank, to invest the money.
ASK Property invests $25m in Indian residential project
ASK Property Investment Advisors (APIA) has invested INR1.47 billion ($24.4 million) in a residential project being developed by ATS near Delhi. This is the fifth investment from the $200 million ASK Real Estate Special Opportunities Fund.
Limetree Capital targets $325m for car parking fund
Hong Kong-based Limetree Capital is targeting $325 million for its China Car Park Investment Fund, which will address the country's lack of parking spaces.
TIAA-CREF merges property business with Henderson to boost Asia exposure
TIAA-CREF has merged its real estate business with that of London-based manager Henderson Global Investors in order to broaden its global portfolio and gain better Asia exposure in particular.
Avenue Venture invests $9.5m in Chennai residential project
Avenue Venture Partners has invested INR250 million ($4.3 million) in a Chennai luxury residential project being developed by Casa Grande. The firm plans to commit a total of INR550 million ($9.5 million) in the project.
PAG agrees $150m investment in Chinese property developer
PAG’s absolute returns division will invest in China-focused shopping mall operator Zall Development Group through a $100 million convertible bond issue, with the option to subscribe to a further $50 million worth of bonds. Assuming full conversion, the...
Australia's QIC enters US retail property market
Australian institutional investment manager QIC has made its first direct investment into the US property market after taking a position in eight regional retail malls worth $2.05 billion. QIC’s global real estate division will put in $435.6 million ($425...
Carlyle acquires 49% stake in China shopping malls
The Carlyle Group has acquired a 49% stake in two shopping malls in Suzhou and Hangzhou owned and operated by Chinese developer SZITIC Commercial Property (SCP) as part of a strategic partnership.
MGPA deal expands BlackRock's Asia footprint
Asia Square, a twin tower complex in Singapore's Marina Bay, is set to be city state’s most environmentally friendly building. Designed by architects Denton Corker Marshall, it will house the world’s largest solar panel roof installation and the first...
BlackRock to acquire MGPA
Asset manager BlackRock is to expand its presence in Asia by buying real estate investor MGPA, which had $12 billion in assets under management as of March.
Ares Management buys AREA Property Partners
Global alternative asset manager Ares Management has acquired AREA Property Partners, a New York-headquartered real estate management firm investing across North America, Europe and India.
CPPIB, GE Capital launch Tokyo property co-invest program
Canada Pension Plan Investment Board (CPPIB) and General Electric Capital Real Estate (GECRE) have formed a joint venture targeting investments in mid-size Class A-B offices in key central business district sub-markets in Tokyo.
Korean group among bidders for Brookfield hotel asset - report
A South Korean group is said to considering a A$400 million ($411 million) bid for the Four Seasons Hotel in Sydney as Canada's Brookfield Asset Management prepares to offload its Australian hotel portfolio.
Blackstone targets $4b for Asian real estate fund - report
The Blackstone Group is said to be targeting $4 billion for its Asian real estate fund, making it the largest real-estate fund ever devoted to the region.