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 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.
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.
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
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 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.
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
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, 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.
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 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, 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 Capital, along with Chinese hotel manager China Lodging Group, has acquired two Beijing hotels for RMB1.2 billion ($186 million).
Ziroom receives $621 million in funding to build out its property management service that provides apartments for China's growing population of urban rentors
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.
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.
Goldman Sachs, MBK Partners, Owl Creek Asset Management and PAG Asia Capital have profited handsomely from their efforts to bring more families to Universal Studios Japan
Chinese co-working space operator UrWork has raised RMB300 million ($45 million) in Series C funding led by Qianhai Wutong Mergers and Acquisitions Funds, a vehicle backed by Qianhai Equity Exchange.
A nascent, fragmented and digitally savvy industry of traditional car services is set for expansion as China’s booming car market matures. Private equity investors are piling in enthusiastically
Canada Pension Plan Investment Board (CPPIB) has invested HK$1.9 billion ($248 million) in a Hong Kong-based warehousing joint venture with logistics operator Goodman Group.
Paragon Partners has made a partial exit from Indian construction firm Capacite Infraprojects - which went public earlier this year - for INR876 million ($13.6 million).
Shareholders have voted in favor of a S$15.9 billion ($11.5 billion) acquisition of Singapore-listed warehouse operator Global Logistic Properties (GLP) by a consortium that includes Hopu Investment and Hillhouse Capital.
Uhouzz Network Technology, a China-based online platform that provides homes sales and rental services for overseas students, has raised a $14 million Series B round led by Translink Capital.
Dutch pension fund manager APG Asset Management has committed $175 million to Virtuous Retail South Asia (VRSA), its India-focused retail joint venture with London-based emerging markets investment firm Xander Group.