Real estate
LPs chose direct route into Indian property
APG Asset Management, the group responsible for one-third of all collective pension schemes in the Netherlands, plans to make direct investments into Indian real estate rather than make commitments to private equity funds.
CPPIB acquires interests in two Australian shopping malls
Canada Pension Plan Investment Board (CPPIB) has acquired interests in two Australian shopping centers through a A$436 million ($450 million) investment in AMP Capital Retail Trust. CPPIB now has a 37% stake in the trust, which in turn owns 50% of Macquarie...
Italian PE fund backs Indian Hotels in $1.9b Orient-Express bid
Montezemolo & Partners, an Italian family-owned private equity firm, and Indian Hotels (IH), India’s biggest accommodation provider, have launched a $1.86 billion takeover bid for Orient-Express Hotels (OEH), a Bermuda-based hotel chain.
Blackstone seals India’s largest commercial real estate deal – report
The Blackstone Group has reportedly secured the biggest commercial real estate deal in India to date, acquiring a 50% stake in a portfolio of three business parks for $200 million.
PE-backed Samhi invests in Accor-owned Indian hotel chain
Samhi Investments has acquired a 60% stake in Barque Hotels, the company that owns 15 Formule 1 hotels in India, from French hospitality group Accor.
Blackstone closes global real estate fund at $13.3b
The Blackstone Group has closed its seventh global real estate fund on $13.3 billion. Blackstone Real Estate Partners VII was launched 13 months ago, and raised capital from more than 250 global LPs.
Yishan creates JVs to tap Indonesia real estate market
Yishan Capital Partners, a Southeast Asia-focused real estate investment and asset management firm, has formed two strategic joint ventures to improve its penetration of the Indonesia market. The Yishan team, which spent more than a decade investing in...
Everstone, JLL in India property management tie-up
Everstone Capital has reached an agreement with Jones Lang LaSalle India under which the property manager will assume responsibility for four shopping malls in Pune, Kochi, Vadodara and Ahmedabad. It will provide leasing services and oversee operations,...
Goldman to sell Bangalore’s Four Seasons Hotel - report
Goldman Sachs is reportedly in formal talks to sell its 73% stake in Bangalore's Four Seasons Hotel in a deal that would fetch up to INR8 billion ($150 million).
Indian realty GPs show their distress
India’s real estate industry is facing tough times amid rising debt costs and tighter credit access. But why are the private equity owners more distressed than the assets themselves?
MGPA acquires Australian property for $110m
MGPA, a private equity real estate investment firm, has acquired a property of retail and office spaces located in Sydney, Australia, for A$105.1 million ($110 million).
Motilal Oswal PE invests in Indian realty project
Motilal Oswal Private Equity Advisors has teamed up with two real estate firms - Supreme Universal and the Mirchandani Group – to invest INR600 million ($11 million) in an Indian realty project.
Goodman, CPPIB boost China joint venture with $500m
Australian property and logistics firm Goodman Group and Canada Pension Plan Investment Board (CPPIB) have injected a further $500 million into their joint venture, Goodman China Logistics Holding (GCLH), increasing its capacity to a total of $1 billion....
PE to join in on $504m DLF land buyout
A private equity player is thought to have teamed up with Lodha Group to buy a 17.5-acre plot of land in India from DLF, the country's largest developer, for INR28 billion ($504 million).
SAFE commits $500m to Blackstone property fund – report
China’s State Administration of Foreign Exchange (SAFE) has reportedly committed $500 million to The Blackstone Group’s latest real estate private equity fund. Blackstone Real Estate Partners VII has proved popular with investors and Stephen Schwarzman,...
Red Fort to raise $500m for third fund - report
Red Fort Capital Advisors is reportedly planning to raise $500 million next year for its third Indian real estate fund.
Blackstone, Morgan Stanley buy Lloyds Australia loans for $621m - report
Blackstone and Morgan Stanley have bought 34% of a A$1.9 billion portfolio of distressed property loans for A$640 million ($621 million), from a unit of Lloyds Banking Group in Australia.
China property firms turn to PE as lender of last resort
Tightening policies imposed on Chinese real estate developers in recent years have accelerated the appetite for alternative financing channels. It represents a massive opportunity for private equity
Xander invests $600m in real estate platform
Emerging markets private equity firm Xander Group has channeled a $600 million investment into Indian retail real estate asset platform Virtuous Retail.
TPG to invest in bankrupt Japanese apartment developer
TPG Capital has agreed to buy bankrupt Japanese apartment developer Joint Corp. alongside property consultancy Savills. The news comes after the private equity firm reportedly considered investments in two other distressed assets in Japan, Olympus Corp....
IIFL real estate fund makes first investment
IIFL Alternate Asset Advisors, the venture capital arm of the India Infoline Group (IIFL), has made the first investment from its venture capital fund, backing a slum redevelopment project.
Goldman exits NZ retirement villages to Metlifecare
Goldman Sachs has exited its majority stake in New Zealand retirement village operator Vision Senior Living to Metlifecare. The acquisition – which includes Private Life Care Holdings as well as Vision – will be financed through Metlifecare issuing...
Blackstone nabs StarHub Green for $210m - report
The Blackstone Group is thought to have purchased Singapore’s StarHub Green building for $210 million, in its first major real estate acquisition in the city state.
Dutch pension funds invest $122m in Lemon Tree Hotels
Dutch pension fund manager APG has invested INR6.5 billion ($122 million) in Lemon Tree Hotels, India's largest chain of upscale hotels and resorts.