Real estate
India Infoline fund invests $20m in Gurgaon, Mumbai projects
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 launches second Shariah compliant VC 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).
Composition launches VinaLand counter-proposal
Composition Capital Partners, which is leading a shareholder revolt against the board of VinaLand - a Vietnam real estate fund - over reorganization plans, has now launched a counter-proposal.
Compostion Capital leads VinaLand shareholder revolt
Composition Capital is leading a large group of shareholders in Vietnam real estate fund VinaLand against a “reorganization” proposal by the company’s board.
Blackstone to buy Shanghai office tower
The Blackstone Group has reportedly agreed to purchase Shanghai’s Huamin Imperial Building, an office tower valued at approximately RMB7 billion ($1.12 billion).
CapitaLand sets up $215m housing PE fund in China
Singapore developer CapitaLand has closed its first value housing private equity fund, which will invest in affordable residential developments in China. It has a corpus of S$264 million ($215 million).
Ex-CIC real estate head to launch investment fund
The former global head of real estate at China Investment Corporation (CIC) has launched an independent investment fund. According to regulatory filings in Hong Kong, Collin Lau was appointed director of Bei Capital Partners in June.
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.
Azure Capital launches $94m property fund
India's Azure Capital is raising an INR5 billion ($94.10 million) real estate private equity fund that will target commercial properties across the top seven cities in the country. The new vehicle - India Realty Fund II (IRF2) – will be raised completely...
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...
Indiareit raises $46m for India redevelopment fund
Indiareit Fund Advisors, a real estate investor backed by Indian entrepreneur Ajay Piramal, has raised INR2.5 billion ($46 million) for a fund targeting redevelopment projects in Mumbai. The firm expects to reach a final close of up to INR5 billion in...
MGPA reaches first close on real estate fund
The latest fund being raised by MGPA marks a departure from the investment firm’s previous real estate vehicles. MGPA Asien Spezialfonds, which announced a first close on EUR85 million ($111 million) last week, represents the firm’s first so-called...
Motilal Oswal PE to set up real estate fund
Motilal Oswal Private Equity is planning to set up a real estate fund worth up to INR6 billion ($108 million). The fund will tap both institutional investors and high net worth individuals (HNWIs).
Century Bridge in China fund debut
Raising a China-focused first-time fund is rarely easy, a Century Bridge can attest. Tom Delatour, CEO of the real estate private equity firm, came to China in 2006, assembled a team of investment professionals, and launched a fund in spring 2010. The...
MGPA announces first close on Asia real estate fund
MGPA, a private equity real estate investment firm, has held a first close on a EUR500 million ($639 million) Asia property fund targeting German investors. The vehicle has so far received EUR85 million ($109 million) from three German institutions.
Century Bridge closes China real estate fund on $170m
Century Bridge has reached a final close of more than $170 million for its China-focused real estate fund. The Century Bridge China Real Estate Fund will invest equity in build-to-sell, middle-income, residential real estate projects and development enterprises...
Indiareit's CEO quits to set up own fund - report
Ramesh Jogani, CEO and managing director of Indiareit Fund Advisors, an Indian real estate fund operated by Piramal Healthcare, is reportedly leaving the company to start his own fund.
CalPERS invests $530m in two China-focused property funds
The California Public Employees’ Retirement System (CalPERS) has committed $530 million to two China-focused real estate funds run by ARA Asset Management, a Singapore-listed affiliate of Cheung Kong Holdings.
Apollo launches two Asia real estate funds
Apollo Global Management has launched two funds that will invest in commercial real estate in Asia, seeking up to $750 million in capital. It comes barely three months after the private equity firm disclosed that it has raised about $255 million for an...
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.
CapitaMalls Asia raises $1b for China Development Fund III
CapitaMalls Asia, the shopping malls arm of Temasek-owned CapitaLand, has announced the establishment of its China Development Fund III with a fund size of $1 billion. The vehicle, with a fund life of eight years, will invest in the development of shopping...
ASK Property closes $175m real estate fund
ASK Property Investment Advisors (ASKPIA), a subsidiary of financial services firm ASK Group, has announced a final close of its second real estate fund on INR10 billion ($175 million).