The Carlyle Group has paid $267 million for Central Plaza, a Shanghai office building owned by Singapore real estate fund Forterra Trust. The deal is further confirmation of private equity firms’ appetite for commercial real estate in China, coming...
Hong Kong-headquartered Brick Eagle Capital Advisory is planning to invest around $50 million in Indian real estate.
New Jersey Division of Investment plans to commit $500 million to The Blackstone Group’s debut Asia real estate fund. The vehicle’s existence was confirmed last December when Tony James, Blackstone’s president, told a conference that it was a “golden...
Private equity investment in China’s real estate sector will become more specialized as it matures, with healthcare and old age care among the key segments to watch, says Edward Epstein, managing partner of Troutman Sanders’ Shanghai office
MGPA has acquired J-Tower, a newly completed Grade A office building in Shanghai's Jiading district for RMB263.5 million ($42 million).
Mapletree Greater China Commerical Trust (MGCCT), a unit of Temasek Holding's real estate arm, has raised $1.3 billion in Singapore's biggest IPO in two years.
India real estate investor Ireo will pump $700 million into luxury residences and hotel development in Gurgoan. The fund has tied up with the global hotel chain Hyatt to manage the project.
China Resources Capital (CR Capital), the financial services arm of state-owned China Resources Group, and Dutch pension fund asset manager APG have established a $265 million car park fund.
Renminbi fundraising weakened considerably over the course of 2012. Preliminary AVCJ figures showing that barely 20 vehicles attracted a total of $4.2 billion in the second half of the year, less than one third the amount raised in the previous six months.
Four in five Asian-based investors are expected to invest in private real estate funds in 2013 compared to around 48% and 39% of investors based in North America and Europe respectively, according to new report.
The Blackstone Group has reportedly joined two other companies in purchasing a business park in South India for INR19.6 billion ($367 million).
China Resources Capital (CRC) has raised RMB956 million ($153 million) for its debut local currency fund. The vehicle has also announced its first deal – a co-investment with mainland property developer China Vanke in a Shanghai residential project.
VinaCapital has appointed David Blackhall as managing director with responsibility for the Vietnam-focused GP’s real estate portfolio. He takes over from David Henry, who is leaving the company to pursue opportunities in Australia.
Four months since reaching a first close of EUR85 million ($111 million), MGPA Asien Spezialfonds - an Asia-focused real estate fund structured to target German investors - has committed close to exactly that amount for its maiden investment in Australia.
The Blackstone Group has reportedly invested more than RMB3 billion ($482 million) for 600,000 square meters of land in China's Jiangsu province. The deal was finalized in October and has received approval from the Ministry of Commerce.
MGPA, a private equity real estate investment firm, has paid A$105.67 million ($111 million) for a Grade A office building located at Perth. This is the first investment made from MGPA’s EUR500 million ($639 million) Asia property fund, a vehicle structured...
India Infoline (IIFL) has invested INR750 million ($13.9 million) in a real-estate development project in the state of Haryana through its IIFL Domestic Series 1 Fund.
Century Bridge Capital has appointed Michael Yan as a director, tasked with providing strategic guidance on asset management and growth strategies. He was previously a senior manager in PricewaterhouseCoopers’ (PwC) assurance division.
Fortress Investment Group has closed its second distress fund, Fortress Japan Opportunity Fund II, at its hard cap of JPY130 billion ($1.65 billion). It is the successor fund to Fortress Japan Opportunity Domestic Fund (FJOF) which closed in June 2010...
Composition Capital Partners has invested in four projects in Macau, Taiwan and Malaysia through its local joint venture partners. The property-focused investor has also exited a Tokyo office development within a year of acquisition.
The Blackstone Group is launching an Asia real estate fund to capitalize on what Tony James, the firm’s president, described as a “golden moment” to engage in property market investment.
Indiareit Fund Advisors, the real estate PE arm of Piramal Enterprises, has raised INR4.4 billion ($80 million) on exiting three of its investments and is now preparing to raise another offshore fund worth up to $350 million.
India Infoline (IIFL) has invested INR1.1billion ($20 million) in two residential projects in Mumbai and Gurgaon, through its IIFL Domestic Series I fund.
Secura Investment Management, part of the Hi LITE group, has launched its second India-focused Shariah compliant venture capital fund with a size of INR500 million ($9 million).