Real estate
Blackstone among suitors for Australia's Centro Properties
Debt-burdened Australian shopping mall owner Centro Properties Group is entertaining an acquisition bid from the Blackstone Group for its more than 700 Australian, New Zealand and US properties, with other PE majors also said to be eyeing the assets.
Morgan Stanley set to wind down its South Korean realty unit
Morgan Stanley is to close the doors of its South Korean real estate unit by the end of this year in an effort to bolster its focus on other Asian markets.
Japan's ORIX acquires 25% stake in Indochina Capital
ORIX Corp., the leading Japanese leasing and invesmtent business, has acquired a 25% stake in Indochina Capital Corp., the investment firm run by Peter Ryder and Rick Mayo-Smith that specializes in Vietnamese real estate, equities and infrastructure.
AIG looks to sell off Asian real estate PE to Invesco: reports
Struggling US insurance giant American International Group Inc (AIG) is planning to spin off its Asian real estate business, including its real estate private equity assets, selling to Invesco Ltd, the independent US-headquartered global investment manager,...
GIC, US, Oz realty funds plan to buy Centro's assets: reports
New York-based private equity real estate investment firm NRDC Equity Partners has joined forces with Australian real estate investor Lend Lease and the Government of Singapore Investment Corporation (GIC) to bid for trust assets held by Centro Properties,...
Hong Kong's Pacific Alliance Group to buy out Secured Capital Japan
Hong Kong-based private equity firm Pacific Alliance Group (PAG) has started a tender offer to buy out Secured Capital Japan (SCJ), a listed private equity real estate fund manager, alongside the target company’s management.
Risa Partners to be acquired by NEC Capital Solutions via TOB
NEC Capital Solutions, a Japanese financial services provider, has announced that it will buy 100% of Risa Partners, a listed Tokyo-based private equity and real estate investment firm, in a deal estimated at around JPY15.8 billion ($196 million).
Morgan Stanley Realty Fund poised to gain 33% from Oberoi Realty listing
Morgan Stanley Real Estate Fund investee, Mumbai-based Oberoi Realty, has debuted onto the public market at a 7.5% premium to its issue price - a strong start for the company valued at INR9,586 crore ($2.1 billion) by the day's end Wednesday.
Morgan Stanley rolls over loans from lenders for 2007's ANA hotels deal
Morgan Stanley and its lenders have reached an agreement to roll over loans arranged for the US investment bank's 2007 acquisition of 13 hotels from ANA Group, originally operated by Japan’s second largest airline company All Nippon Airways.
Monsoon Capital takes majority stake in Indian real estate development
Hedge fund Monsoon Capital is handing up to $10 million to real estate firm Value Designbuild as it finalizes a suburban villa project.
Bank of America Merrill Lynch Asia realty fund's GP responsibilities also to transfer to Blackstone
Following earlier reports in July on the transfer of management of the $2.65 billion Bank of America Merrill Lynch (BoAML) Asian Real Estate Opportunities Fund to US private equity leader the Blackstone Group, LP investors are poised to receive approximately...
Evolvence, Jacob Ballas, NYLIM pick up Emaar MGF pre-IPO shares
Emaar MGF, the Indian real estate development company set up jointly by Dubai's Emaar Properties and northern Indian retail real estate developer MGF Development, has sold stakes to existing shareholders Evolvence India Holdings, Jacob Ballas and New...
Ascent invests India infrastructure, real estate with IVRCL Assets
Ascent Capital Advisors India, the Indian private equity firm that launched out of UTI Venture Funds Management, has made a PIPE investment of some INR150 crore ($33.8 million) into IVRCL Assets and Holdings, a Hyderabad-headquartered infrastructure and...
Gulf hospitality still lures private equity as Colony eyes MENA
Colony Capital chairman and chief executive Thomas J Barrack has said that his firm will look for investments in the hospitality and consumer sectors throughout the Gulf over the next five years.
Korea’s National Pension Service seeks Asia Pacific real estate with Pramerica
Korea’s $259 billion SWF the National Pension Service has said that it will seek to invest at least $400 million in Asian and Australian real estate assets through Pramerica Real Estate Investors, an investment arm of Prudential Financial Inc.
Advantage Partners buys apartment management company in Japan
Advantage Partners, the Tokyo-based private equity firm, has acquired a local apartment management company, Marimo Community Co., for an undisclosed amount.
Ex Morgan Stanley team's GreenOak Real Estate raises fund for Japanese assets
GreenOak Real Estate, a private equity property firm founded by ex-Morgan Stanley real estate executives, is seeking $800 million for a new fund to buy property and loans in Japan, according to reports.
Aetos to raise $1 billion real estate fund for Japanese, Chinese targets
New York-headquartered private equity firm Aetos Capital is reportedly set to raise $1 billion for a real estate fund - its fourth - targeting property assets in Japan and China.
NPS to invest in US real estate
South Korea’s National Pension Service has announced plans to allocate $300 million to investments in US property, with a focus on secondary buyouts of stakes in stressed private equity real estate funds.
Khazanah, Temasek swap land after 45 years
The Malaysian government is ready to return a train station it owns in downtown Singapore in return for six land parcels in the city-state, to be controlled by M-S Pte. Ltd., a JV 60:40 owned by Malaysian state investment fund Khazanah Nasional Bhd and...
TPG set to make $69 million through Parkway Life exit
TPG Capital is reportedly looking to offload its 9.3% stake in Singapore-based healthcare REIT Parkway Life, via a sale that could fetch as much as S$91.1 million ($69 million).
Apax and GA confirm 19% each of SouFun for $163 million apiece
European private equity firm Apax Partners and US large-scale VC leader General Atlantic (GA) formally announced the completion of their acquisition plan to each take a 19% stake in SouFun, the Chinese real estate classifieds website that just went public...
French real estate investor IREIFS forays in Thailand's resort business
IREIFS (International Real Estate Investment & Financing Solutions) Investment Group, a Paris-based privately held real estate investment firm, has entered into a JV to develop two new resort projects in Chiang Mai, including the Mae Rim and Ping River...
Kotak Realty Funds set to exit two real estate investees
Kotak Realty Funds Group is set to exit two of its real estate investments, both IT parks in Tier One cities in India.