Real estate
Thailand state pension fund may start investing overseas
Thailand Government Pension Fund (GPF), the sovereign wealth fund with assets totaling THB400 billion($13.2 billion), plans to invest overseas later this year. It is likely to target real estate funds, according to reports.
Century Bridge exits from China real estate project
Century Bridge Capital has cashed out of its $125 million joint venture with Jia Heng Real Estate. It is the Dallas-based private equity firm’s first exit from an investment in China. Terms of the exit were not released.
Blackstone, GIC unit look at LaSalle Japanese realty assets
Blackstone Group and Global Logistic Properties, which is majority-owned by the Government of Singapore Investment Corp. (GIC), are involved in separate talks to buy 20 industrial properties in Japan, the Wall Street Journal reported. The assets, thought...
Malaysia, Singapore SWFs jointly develop realty projects
Sovereign wealth funds Khazanah Nasional Berhad of Malaysia and Temasek Holdings of Singapore have established a 60/40 real estate joint venture, respectively, called M+S Pte. Ltd. to develop four land parcels in Singapore's Marina South and Ophir-Rochor...
US PE firm invests in Hyderabad real estate project
US private equity firm Monsoon Capital has paid nearly $16 million for a 50% stake in a five-star hotel and residential complex in Hyderabad’s IT district, Business Standard reported.
Lazard PE unit to own up to 25% in Australia’s Hastie Group
Lazard’s private equity unit will acquire between 16% and 25% of Hastie Group by participating in the struggling technical services firm’s A$170 million ($180 million) share offering. Lazard, which will be entitled to one board seat, has agreed to...
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.
Home Inns closes in on Shanghai Motel
Home Inns & Hotels Management, China’s largest budget hotel chain, has emerged as the front runner to purchase Shanghai Motel Management from a consortium of investors led by Morgan Stanley. The cash-and-stock deal is slated to be worth around $500...
JP Morgan invests in New Delhi real estate project
JP Morgan has injected $30 million in a New Delhi project of real estate manager Parsvnath Developers, according to the Economic Times.
Real estate fund flips Macau office tower
Real estate investment firm Westport Capital Partners and its Hong Kong-based development partner, Tenacity Real Estate Group, have sold a 25-story office building in Macau to an undisclosed buyer for HK$970 million ($125 million).
Unison Capital indirectly invest in Japan’s realty fund manager
Japanese buyout firm Unison Capital portfolio company MK Capital Management, a real estate asset management company based in Tokyo, has acquired 90% of Atlas Partners Japan Ltd. (APJ), another Japanese real estate fund manager for undisclosed sum.
Blackstone set to buy second distressed Oz property firm
Debt-burdened Australian real estate firm Valad Property Group is reportedly in talks with Blackstone for a possible buyout, according to The Australian, in a deal that could be worth A$220 million.
Shapoorji Pallonji to launch first PE fund
Indian conglomerate Shapoorji Pallonji Group has is reportedly nearing the launch of a $500 million private equity fund that will focus on the domestic real estate sector, with a first close expected to be announced eminently.
Warburg Pincus forms JV with portfolio company
New Delhi based hospitality firm, Lemon Tree Hotels, has formed INR1,400 crore ($315.4 million) joint venture, Oceanus Real Estate Pvt Ltd , with Warburg Pincus that will focus on housing project in India. Lemon Tree will own 51% of the JV with the private...
Lone Star exits realty portfolio to Mitsubishi Estate
US private equity firm Lone Star has exited an office building and other properties in the Akasaka area in Tokyo to Mitsubishi Estate Co, one of the leading real estate companies in Japan owned by conglomerate Mitsubishi Group. The deal is worth around...
HSBC, Tesco take three assets in China
HSBC Specialist Investments, a division of HSBC Group targeting infrastructure and real estate investments, has teamed with mega supermarket chain Tesco and Singapore-listed Metro Holdings to acquire three shopping malls in China.
Distressed Japanese hotel closes doors
PE-backed Hotel Sendai Plaza, one of Japan’s most historic hotels in Sendai, will permanently close its doors on March 25 due to a decline in sales and hurdles related to property rental fees.
Hutchison Port Holdings aims for $5.8bn in Singapore
Leading Hong Kong conglomerate Hutchison Whampoa is set to list its ports division, Hutchison Port Holdings Trust, on the Singapore Exchange, targeting $5.8 billion as well as the title of Singapore’s largest listing to date.
Aetos takes remaining 50% in Simplex from Goldman Sachs
Aetos Capital, a US-based private equity and real estate investment firm, will turn its 50% owned Japanese real estate asset manager Simplex Investment Advisors into a wholly owned subsidiary by acquiring the other half owned by a Goldman Sachs. The US...
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.
Miracle or mirage?
International strategic and SWF investment in the country is ramping up, though private equity’s engagement remains tentative. But some early movers say that is changing.
Carlyle-, Partners-backed China Forestry under investigation
The CEO of the Carlyle- and Partners Group-backed company China Forestry Li Han Chun has had $51 million worth of assets frozen after the Hong Kong Securities and Futures Commission uncovered potential auditing irregularities leading to the suspension...
Blackstone eyes first Indian real estate investment - reports
Blackstone is reportedly set to make its first real estate investment in India – an INR200 crore ($44 million) injection in a Bangalore-based firm’s project, according to the Business Standard - coming as the PE giant has been making advances in the...
Japan's Risa Partners to sell its real estate assets
Distressed investors Fortress Investment Group, Lone Star and Cerberus have emerged as potential bidders to acquire the real estate assets of private equity firm Risa Partners.