Real estate
Blackstone sees opportunities in China's 'economic dislocations'
China’s slowing GDP growth should create “economic dislocations” that translate into acquisition opportunities for foreign investors, according to Stephen Schwarzman, chairman and CEO of The Blackstone Group.
Godrej Properties looking for PE partner - report
Godrej Properties is reportedly looking to exit up to 49% of a commercial realty project in Mumbai to a private equity investor by March as part of a capital-raising initiative.
Quadrant’s Summerset raises $99m through IPO
Quadrant Private Equity-owned Summerset Group, New Zealand’s third-largest retirement village operator, has raised NZ$123.6 million ($99.5 million) in the largest IPO seen in the country in two years. The company sold 88.3 million shares at NZ$1.40...
CIC joins Blackstone in RBS commercial real estate deal
China Investment Corp. (CIC) has agreed to take a stake in Royal Bank of Scotland’s $1.4 billion commercial real estate portfolio alongside The Blackstone Group. They will each take a 12.5% stake in the portfolio, worth a combined $100 million, with...
KKR to boost focus on special sits in China
KKR is set to bolster its special-situations capabilities in Hong Kong in anticipation of a downturn in China.
Blackstone announces 3Q loss on drop in valuations
The Blackstone Group posted a loss of $341.9 million in the third quarter compared with a $339.3 million profit a year earlier. The disappointing results came as the private equity firm saw an 11% drop in the value of its buyout holdings amid ongoing...
GIC, Morgan Stanley consider Mumbai real estate asset
Morgan Stanley and the Government of Singapore Investment Corp. (GIC) are among the suitors to purchase real estate in central Mumbai from domestic textile firm Alok Industries for $200 million, Reuters reported.
India PE deals reach $8.57b in first three quarters of 2011
Private equity firms invested approximately $2.25 billion in 98 deals in India in the third quarter of 2011, bringing the industry’s total to $8.57 billion in 317 transactions for January-September. This marks a significant increase on the $6.4 billion...
Blackstone exits first property in China
The Blackstone Group has sold its first property in China, exiting its 95% stake in Shanghai’s Channel 1 shopping mall to Hong Kong-based real estate group New World Development for RMB1.46 billion ($229 million). The deal is scheduled to close in early...
HDFC targets $600m property fund
Housing Development Finance Corp. (HDFC), India’s largest mortgage lender, is looking to raise a $600 million fund from overseas investors. It will be the firm’s property-focused vehicle.
HDFC PE unit commits $90m to Bangalore IT park
The overseas private equity unit of Housing Development Finance Corp. (HDFC) has agreed to invest $90 million in a 200-acre information technology park being planned near Bangalore airport.
Blackstone claims capacity to invest up to $800m a year in India
The Blackstone Group has the capacity and ability to deploy $500-800 million ever year in India if the macroeconomic environment and other factors stay favorable, according to Akhil Gupta, who oversees the firm’s India operations.
Quadrant seeks partial exit from New Zealand’s Summerset
Quadrant Private Equity plans to list Summerset, New Zealand’s third-largest retirement village company, in November but is likely only to exit 30% of its 97% stake in the company following recent market volatility.
Blackstone to exit first Chinese property investment
Blackstone Group has agreed to sell its 95% stake in Shanghai’s Channel 1 shopping mall to Hong Kong-based property group New World Development for RMB1.46 billion ($229 million).