Real estate
CLSA Capital buys Japanese real estate services platform
CLSA Capital Partners (CLSA CP) has acquired House Partner Holdings, a real estate services provider focusing on apartment rental agencies in the Greater Tokyo area.
CPPIB, Goodman commit $1.7b to China logistics partnership
Canada Pension Plan Investment Board (CPPIB) and logistics operator Goodman Group have jointly committed $1.7 billion to an existing logistics partnership in China.
GA, Hillhouse lead $120m Series C for Chinese co-working space
MyDreamPlus, a Beijing-based co-working space provider, has raised $120 million in Series C funding led by General Atlantic (GA) and Hillhouse Capital.
WeWork raises $500m for China unit
Trustbridge Partners, Temasek Holdings, SoftBank Group and the SoftBank Vision Fund, and Hony Capital have led a $500 million Series B round for the China branch of US-based co-working space operator WeWork.
PE-backed Cushman & Wakefield prepares for US listing
A global commercial property services provider that TPG Capital and PAG Asia Capital created through the merger of Australia’s DTZ with US-based Cassidy Turley and Cushman & Wakefield, has filed for a US IPO.
LP interview: Cbus' Kristian Fok
Recognizing that strong cash inflows were working against a solely outsourced manager strategy in the alternatives space, Australia’s Cbus picked its key asset classes and devised a direct solution
Tiger Global leads $70m round for China's Danke Apartment
Tiger Global Management has led a $70 million Series B-plus funding round for Chinese start-up Danke Apartment, operator of an online platform that connects landlords with long-term rental tenants.
SoftBank co-leads $20m round for Indonesia's EV Hive
SoftBank Ventures Korea (SBVK) has co-led a $20 million Series A round for EV Hive, an Indonesian co-working space operator that spun out from East Ventures last year, alongside H&CK Partners and Tigris Investment, both of which are also based in South...
GIC backs $117m Asia co-working platform
Singapore’s GIC Private has joined co-working space provider JustCo and local developer Frasers Property to establish a $117 million platform that will focus on co-working space investments across Asia Pacific.
Warburg Pincus, GIC set up China rental apartment platform
Warburg Pincus and Singapore’s GIC Private will establish a RMB4.3 billion ($675 million) platform for investing in rental apartments in China’s tier-one cities.
Chinese long-term property rental players get PE funding
Two more Chinese online long-term property rental platforms – Uoko.com and Baletu.com – have received private equity funding as young people opt to rent rather than buy in a climate of high property prices.
Q&A: PropertyGuru's Steve Melhuish
In 11 years, PropertyGuru has evolved from a Singapore start-up into the leading online real estate listings platform in five Southeast Asian markets. Co-founder Steve Melhuish reviews the ups and downs
MSPEA, Crescent Point lead Series C round for China’s Qingke
Morgan Stanley Private Equity (MSPEA) and Crescent Point have jointly led a Series C round of funding for Qingke, a long-term rental apartment services platform in China.
Dymon exits Southeast Asia engineering services business
Dymon Asia Private Equity has exited Wah Loon Engineering, which provides engineering services for air conditioning, ventilation, fire protection and electrical systems in Singapore and Malaysia, to France-based Vinci Energies.
Q&A: Danke Apartment's Derek Shen
Having helped establish LinkedIn in China, Derek Shen left the company last year to join Danke Apartment, a local start-up pursuing what he sees as a huge unrealized opportunity in the long-term property rental market
India's NestAway gets $61m Series D
NestAway, a VC-backed Indian IT start-up focused on the local home rental market, has raised a INR4 billion ($64.4 million) Series D funding round with participation from Goldman Sachs.
NAB Ventures backs $7m round for Australia's BrickX
NAB Ventures, a unit of National Australia Bank (NAB), has joined a A$9 million ($7 million) Series A funding round for BrickX, a domestic financial technology start-up focused on the real estate sector.
China’s Danke Gongyu raises $100m Series B
CMC Capital Partners and Banyan Capital have jointly led a $100 million Series B round of funding for Danke Gongyu, a China-based start-up that provides apartment rental services.
Warburg Pincus establishes Vietnam infrastructure platform
Warburg Pincus and industrial conglomerate Becamex IDC have agreed to set up a $200 million platform to develop institutional-grade infrastructure and logistics properties in Vietnam.
NAB Ventures backs $4.6m round for Australia's ActivePipe
NAB Ventures, a unit of National Australia Bank (NAB), has invested A$5.9 million ($4.6 million) in ActivePipe, a Melbourne-based software supplier for the real estate industry.
TPG acquires China hotel assets
TPG Capital, along with Chinese hotel manager China Lodging Group, has acquired two Beijing hotels for RMB1.2 billion ($186 million).
Deal focus: Ziroom carves a rental niche
Ziroom receives $621 million in funding to build out its property management service that provides apartments for China's growing population of urban rentors
China apartment rental firm Ziroom raises $621m
Ziroom, a Chinese apartment rental service provider, has raised a RMB4 billion ($621 million) Series A round of funding led by Warburg Pincus, Sequoia Capital, and Tencent Holdings.
China co-working space start-up gets $92m
Kr Space, a China-based co-working space operator, has received RMB600 million ($92 million) in a pre-Series B round of funding from its existing investors.
