Real estate
CITIC Capital invests shopping mall in Funan
CITIC Capital Holdings Ltd. has invested around RMB1.5 billion ($223 million) in a real estate project, the ID Mall, in Changsha, the capital city of China's Hunan province. from its real estate fund.
Macquarie acquires Presidio for Asia Pacific/US real estate synergy
Macquarie Group has announced the acquisition of Presidio Partners, a leading US real estate private equity investment and advisory firm, seeking to build links with its own, chiefly Asia Pacific, real estate platform.
Milestone Capital invests Chennai's Pelican Group for affordable housing
India's Milestone Capital Partners has invested INR20 crore ($4.3 million) in Pelican Group, a Chennai-based real estate developer, to fund expansion in the affordable/social housing segment through its Pelican Affordable Housing unit.
Everstone focusing on corporates, not warehouses
Indian PE firm Everstone Capital is not on track to raise a new real estate fund focusing specifically on warehouses and logistics, industry sources say, contrary to earlier media reports.
GIC hires RREEF Director to head up India realty team
The Government of Singapore Investment Corporation (GIC) has appointed Kishore Gotety, former executive at RREEF Alternative Investments, a division of Deutsche Bank, as Country Head for India real estate.
Gaw Capital raises $373 million for third Asia real estate fund
Gaw Capital, the Hong Kong-based private equity real estate investor, has successfully raised $373.5 million for its third real estate fund, Gateway Capital Real Estate Fund III.
Blackstone partners in Great Eagle's Dalian development
US private equity firm the Blackstone Group has agreed to support a housing development project launched by Great Eagle, the Hong Kong real estate development group, in Dalian in northern China.
Korea's National Pension Fund buys Parisian shopping center
The National Pension Service of Korea (NPS) has acquired 51% stake in the O'Parinor, a shopping center in the Parisian suburb of Île-de-France, from London Stock Exchange Listed realtor Hammerson LLC.
LaSalle Investment purchases outlet mall in Nasu, Japan
LaSalle Investment Management, the Chicago-headquartered real estate investment firm, has bought Nasu Garden Outlet, an outlet mall in Nasu, located in a resort area in Tochigi prefecture in the Kanto region, for an undisclosed sum.
CIC targets US realty assets, Indonesian resources
China Investment Corporation (CIC), China's $300 billion sovereign-wealth fund, is reportedly in advanced talks to acquire half a dozen US-focused real estate fund holdings from Harvard University's endowment, in a deal estimated at about $500 million.
Cheung Kong's real estate fund invests $104 million in Malaysian asset
ARA Asset Management (ARA AM), the Singapore-based private equity real estate and REIT management affiliate of Cheung Kong Group, one of the largest conglomerates in Hong Kong, has invested RM333 million ($104 million) in the 20-storey 1 Mont’ Kiara...
CVCI sells stake in Emaar MGF to company's promoters
Citi Venture Capital International (CVCI) has exited its 1% investment in Emaar MGF Land Ltd, the Indian branch of Dubai realtor Emaar Properties PJSC, for a reported $60 million – up from the $50.98 million it paid in 2006.
IL&FS acquires Saffron Assets Advisors
IL&FS Investment Managers has acquired for an undisclosed amount the real estate-focused PE firm Saffron Assets Advisors, which has $400 million under management, bringing the total assets under IL&FS’ management to $3.2 billion and securing its spot...
Angelo Gordon's Realty Fund II gets $100 from the Oregon Investment Council
Investment advisory firm Angelo, Gordon & Co.'s $600 million Asia-focused real estate fund, AG Asia Realty Fund II LP, has received a $100 million commitment from the Oregon Investment Council, which oversees about $65 billion in the state Public Employees...
Baring India to broaden focus to include real estate
Baring Private Equity Partners India is slated to start investing in the market’s real estate sector, adopting it as a focus sector along with India’s IT, healthcare and financial industries, according to reports.
Partners Group gets $100 million KIC real estate mandate
Korea Investment Corporation, the SWF that manages some $27 billion of assets for the Korean government and the Bank of Korea, has mandated around $100 million to Swiss-based private equity firm Partners Group to seek investment opportunities in the private...
Blackstone may take over Morgan Stanley's Japan real estate assets
Leading global private equity firm the Blackstone Group is said to be near to finalizing a deal to purchase Morgan Stanley’s holdings of Japan CMBs with a face value of around JPY100 billion ($1.14 billion).
French hotel group Accor to set up investment fund for India
Accor, a leading French hotel group, is setting up a investment fund with local partner InterGlobe Enterprises to grow the hotel business in India, aiming between the upper middle class and upscale level.
India's Cinemax seeks PE
Movie theater chain Cinemax India Ltd. is hunting for a private equity partner to help it raise INR150 crore ($32.1 million) to expand its business, according to local reports.
Fortress gets debt entry to daVinci
Fortress Investment Group, the distressed debt and real estate investment firm, has made a $232 million investment into Japanese real estate firm daVinci Holdings, by acquiring a loan originally made by BNP Paribas.
Composition staffs up in HK, Amsterdam
Composition Capital Partners, an Amsterdam and Hong Kong-based investment management firm focusing on private equity real estate funds-of-funds, has engaged Lionel Low as VP in its Hong Kong office, as well as Morag Beers and Maarten Vermeulen as Directors...
IL&FS India Realty Fund II to invest Aria Hotels
IL&FS Investment Managers' $895 million IL&FS India Realty Fund II will invest INR80 crore ($17.2 million) for an undisclosed stake in Aria Hotels and Consultancy Services (Aria Hotels), a subsidiary of the Asian Hotels group, which owns the 400-room...
Starwood regains Rajagopal for India as Rao leaves
Starwood Capital Group, the real estate-focused private equity firm led by Barry Sternlicht, founder of Starwood Hotels and Resorts, has announced the re-engagement of Sundaram V. Rajagopal, a former VP with the firm, as MD for India and Southeast Asia.
Blackstone to take over BofA real estate portfolio in Asia
US private equity firm the Blackstone Group will pick up opportunities in Asian real estate deals by taking over management of a portfolio of regional real estate investments from Bank of America Merrill Lynch, according to reports.