Real estate
Asia Pacific distress still pays off
Given the financial journal headlines and relentless LP interest reinforcing the notion that Asia is booming, one might well wonder what distress opportunities remain in the region.
Yatra Capital sees Indian opportunities
Yatra Capital, the Euronext-listed company focused on real estate investments in India, plans to invest up to INR115 crore ($24.4 million) through two realty deals in 2010, Christopher Wright, chairman and co-founder at Yatra Capital, said publicly.
Khazanah may pick up Amanresorts
Malaysian SWF Khazanah Nasional is seeking to pick up a controlling stake in exclusive luxury resort chain Amanresorts from its current owner, Indian real estate developer DFL Group, for some $300-350 million, according to reports.
Fortress closes first Japan fund at $800 million
Fortress Investment Group, the US distressed debt and alternative assets investment group, has closed its first Japan-focused distressed fund, the Fortress Japan Opportunity Domestic Fund, at JPY75 billion ($800 million), its target cap, according to...
Mekong invests in Vietnam real estate
Mekong Capital, through its Vietnam Azalea Fund, has invested $9.1 million for a minority stake in Nam Long Investment Corporation, a leading privately-owned real estate developer in Vietnam.
Direct Capital invests in Bayleys Corp
Direct Capital, a New Zealand private equity firm, has taken a minority stake in Bayleys Corporation Ltd., a real estate agency and professional property services provider.
IL&FS increases ties to Orbit Corp. through $64 million investment
Indian redevelopment firm Orbit Corporation is reportedly set to link with IL&FS Investment Managers to launch a INR300 crore ($64 million) fund for one of its Nepean Sea Road projects, coming months after the private equity firm participated in an INR165...
IDFC starts private equity real estate fund
Infrastructure Development Finance Company Ltd (IDFC), India’s leading infrastructure finance services firm, is to expand its alternative investment capabilities to operate a private equity real estate business, hiring a new senior executive to run...
IL&FS Milestone invests $122 million in Indian construction company
India’s IL&FS Milestone Fund is poised to take a 74% stake in the Hindustan Construction Co. following an INR5.75 billion ($122.3 million) investment.
China Everbright sells Everbright ALAM stake to Ashmore
China Everbright Ltd. has sold up to a 39% stake in Everbright ALAM, its investment manager specializing in China real estate currently co-owned with RQSI Ltd., to Ashmore Investment Management, a specialist emerging markets asset manager.
J-Will pips Advantage, TPG for Anabuki
Japanese private equity player J-Will Partners, acting in consortium with major local apartment developer Daikyo Inc., has entered the winning bid for bankrupt developer Anabuki Construction, winning out over some 30 bidders including Advantage Partners...
GIC RE plans IPO for Japan assets
GIC Real Estate, the real estate arm of state-owned Government of Singapore Investment Corporation (GIC), is reportedly aiming to list a large portion of its property assets, potentially raising between $500 million and $1 billion, at an unconfirmed venue,...
Advantage, J-Will, TPG in frame for Anabuki
Private equity bidders including Advantage Partners, J-Will Partners and TPG Capital are into the final round for Anabuki Construction Ltd., a defunct apartment developer based in Japan's southern island of Shikoku, in a deal worth at least $222 million...
Goodman and CPPIB launch joint fund
Goodman Group, Australia's largest industrial property trust, and the Canada Pension Plan Investment Board (CPPIB) announced the formation of a joint Australia-focused fund with with a target gross asset value of around A$400 million ($350 million).
ICICI Venture launches two funds in infrastructure and property
ICICI Venture, the Mumbai-based private equity arm of ICICI Bank, will launch its maiden infrastructure fund over the next few weeks.
Russell appoints new Oz real estate research senior
Russell Investments, the US-headquartered global investment advisor, has appointed Samantha Steele as a senior research analyst in Australia, focusing on real estate and private equity manager research in Asia and Australasia.
Prax to sell out of China property venture
Prax Capital, a China-focused private equity firm, will sell its 40% holding in its JV Success Hill Investments Ltd, to China Housing & Land Development, Inc., a NASDAQ-listed property developer for RMB576 million ($84.5 million).
Nomura Principal sells Misawa to industry peer
Nomura Principal Finance Co., Ltd., a wholly-owned subsidiary of Nomura Holdings, Inc., has said it will sell its entire stake in Misawa Home Co., a Tokyo-based housebuilding company, to Toyota Home Co., a housing unit of Toyota Motor Co.
CLSA Fudo plans new Tokyo hires
CLSA Capital Partners' Japan-based real estate platform, Fudo Capital, plans to hire more staff in Tokyo this year as it invests its $816 million Fudo Capital II fund.
AXA, Sumitomo plan joint Japan real estate fund
AXA Real Estate Investment Managers Japan is planning a joint fund with Sumitomo Trust and Banking to invest in Japanese real estate.
SC Asia sells DLF stake for $696 million
Private equity investor SC Asia has sold most of its stake in DLF Assets, an Indian real estate management and investment firm, to its parent DLF Ltd., for some $696 million.
ING picks up Creed real estate fund in Japan
ING Group's Asian real estate division has taken over Creed Real Estate Partners, a $1.1 billion Japanese office, residential and retail asset investment fund.
Colony checks partway out of Raffles to QIC
Colony Capital is reducing its stakeholding in iconic Singapore-centered hotel investment Fairmont Raffles Holdings International, in an $847 million deal with the Qatar Investment Authority, with Singapore's historic Raffles Hotel going to QIC for $275...
Real estate: blossoming in Japan?
Land of the Rising REIT?