Real estate
KKR, TPG in talks for Nomura’s real estate arm
KKR and TPG are among the PE firms said to be engaged in preliminary talks with Japan’s Nomura over a possible buyout of the investment bank’s real estate arm.
JPMorgan to back Bangalore residential property projects
A JPMorgan proprietary fund will invest INR2 billion ($40 million) in five Bangalore-based residential projects being developed by Nitesh Estates. With the US investment bank’s backing, the Indian real estate firm is expected to raise debt to fund the...
Ex-Och-Ziff exec sets up Clifton Real Estate
A former employee of Och-Ziff Capital Management Group has established a new Singapore-based firm which will invest in small and medium-sized properties.
Composition Capital launches Taiwanese real estate JV
Composition Capital Partners has entered into a real estate joint venture with an unnamed Taiwanese investment manager currently part of its portfolio.
Godrej Properties looking for PE partner - report
Godrej Properties is reportedly looking to exit up to 49% of a commercial realty project in Mumbai to a private equity investor by March as part of a capital-raising initiative.
CIC joins Blackstone in RBS commercial real estate deal
China Investment Corp. (CIC) has agreed to take a stake in Royal Bank of Scotland’s $1.4 billion commercial real estate portfolio alongside The Blackstone Group. They will each take a 12.5% stake in the portfolio, worth a combined $100 million, with...
India PE deals reach $8.57b in first three quarters of 2011
Private equity firms invested approximately $2.25 billion in 98 deals in India in the third quarter of 2011, bringing the industry’s total to $8.57 billion in 317 transactions for January-September. This marks a significant increase on the $6.4 billion...
Blackstone exits first property in China
The Blackstone Group has sold its first property in China, exiting its 95% stake in Shanghai’s Channel 1 shopping mall to Hong Kong-based real estate group New World Development for RMB1.46 billion ($229 million). The deal is scheduled to close in early...
Blackstone claims capacity to invest up to $800m a year in India
The Blackstone Group has the capacity and ability to deploy $500-800 million ever year in India if the macroeconomic environment and other factors stay favorable, according to Akhil Gupta, who oversees the firm’s India operations.
Carlyle invests $26m in Indian affordable housing firm
The Carlyle Group has committed $26 million to Value & Budget Housing Corporation (VBHC), a constructor and developer of affordable housing in India
Blackstone approved for Valad takeover
Shareholders in debt-burdened Australian real estate firm Valad Property Group have overwhelmingly approved Blackstone affiliates for an A$806 million ($883 million) takeover of the company.
Hony makes first foray into Japan
Hony Capital secured two significant firsts with its purchase of a 20% stake in Tokyo-listed hotel chain operator and real estate business Tokai Kanko for JPY1.4 billion ($17.8 million).
Lone Star exits Tokyo retail property to Hulic
Lone Star's sale of YODOBASHI MULTI Media Kichijoji, a commercial complex building in a west Tokyo suburb, to real estate investment firm Hulic is no ordinary transaction. Hulic is paying an estimated JPY30 billion ($381 million) for the asset but is...
MGPA Asia III takes 50% stake in Galleria Chengdu
MGPA, the private equity real estate investment advisory firm, has acquired a 50% interest in Galleria Chengdu, a newly completed commercial mall in the western China city of Chengdu.
US firm launches Australasia-focused real estate fund
LA-based Jumpstart Capital Partners is to launch a PE real-estate focused unit that will initially target distressed and undervalued property-related investments in Australia and New Zealand.
Aetos Capital takes remainder of Simplex
Aetos Capital, a US-based private equity and real estate investment firm, will boost its 50% stake in Japanese real estate asset manager Simplex Investment Advisors to 100% ownership by acquiring the 50% stake currently held by a Goldman Sachs.
Blackstone pays $9.4b for Centro's US assets
In what is classified as Blackstone’s largest deal since the onset of the financial crisis, the buyout firm has bested two rivals to acquire distressed Australian shopping mall owner Centro Properties Group’s 588 real estate assets in the US, paying...
CIC and Blackstone enter Japan’s distressed space
China Investment Corporation, China’s $300 billion sovereign wealth fund, has reportedly joined forces with US investment giant, the Blackstone Group, to purchase Morgan Stanley’s Japanese loan portfolio at a major discount, according to news reports.
Real assets, real opportunity
THERE HAS BEEN NO SHORTAGE OF REAL estate opportunities in the post-financial crisis world, however deal values in Asia have dropped as a result of many global investors buying lower-priced assets at home. The same is true here in Asia, as well CB Richard...
Goldman Sachs to exit Japanese golf operator
Goldman Sachs is set to sell its remaining 44.7% stake in Japan’s largest golf course operator Accordia Golf, coming nearly five years after the American investment bank offloaded 55.3% of the company at the time of Accordia’s IPO.
Morgan Stanley set to wind down its South Korean realty unit
Morgan Stanley is to close the doors of its South Korean real estate unit by the end of this year in an effort to bolster its focus on other Asian markets.
Secured Capital eyes Espoir Omotesando for Ralph Lauren in Tokyo
Secured Capital Japan(SCJ), the Tokyo-based private equity real estate investment firm, emerged as the likely buyer for Espoir Omotesando in Omotesando, a fashionable area of Shibuya, Tokyo, for a price said to be about JPY29 billion ($348 million), according...
GIC, US, Oz realty funds plan to buy Centro's assets: reports
New York-based private equity real estate investment firm NRDC Equity Partners has joined forces with Australian real estate investor Lend Lease and the Government of Singapore Investment Corporation (GIC) to bid for trust assets held by Centro Properties,...
Evolvence, Jacob Ballas, NYLIM pick up Emaar MGF pre-IPO shares
Emaar MGF, the Indian real estate development company set up jointly by Dubai's Emaar Properties and northern Indian retail real estate developer MGF Development, has sold stakes to existing shareholders Evolvence India Holdings, Jacob Ballas and New...