Asia real estate funds managed by LaSalle Investment Management and Blackstone have obtained $300 million in fresh commitments from a major US pension fund manager as US institutions continue to turn to Asian real estate strategies to meet their commitments… Read More>>
APG Invests $400M in CBC China Life Science Real Estate Venture
APG Asset Management has teamed up with Singapore healthcare investment firm CBC Group in a $1.5 billion venture targeting the Asia Pacific life science real estate segment, according to a joint announcement this week.
The cooperation between the Dutch pension… Read More>>
Gaw Capital Hits $1.2B in First Closing of APAC Opportunistic Fund
Gaw Capital Partners has raised $1.2 billion in equity for the seventh edition of its opportunistic real estate strategy targeting the Asia Pacific region, as the Hong Kong-based fund manager marks a first closing on its way to a $2.5… Read More>>
CapitaLand, Ascendas REIT Take on $653M SG Tech Park Project
The development arm of CapitaLand Group is partnering with a REIT from its own stable in a S$883 million ($653 million) redevelopment set to triple the size of a commercial project in Singapore Science Park, according to a release late… Read More>>
Savills IM Announces New APAC Heads of Logistics, Research
Savills Investment Management has installed a logistics veteran from courier giant DHL to lead its APAC logistics business as the UK-based fund manager expands its presence in the region.
Based in Bangkok, Nicholas Kinsey has been named as Savills IM’s… Read More>>
Actis Reaches $251M in Funding for Second Asia Real Estate Vehicle
London-based fund manager Actis has raised $251 million so far for its second Asia real estate vehicle, pulling in less than half of its $850 million target nearly two years since the fund’s debut according to a US Securities and… Read More>>
AEW Buying Pair of South Korea Warehouse Projects for $538M
AEW Capital Management has acquired a $538.2 million portfolio of Greater Seoul warehouses to mark its first logistics investment in South Korea, the US-based real estate fund manager said late last week.
Through a forward purchase deal, the asset manager… Read More>>
Singapore’s Ho Bee Land Names Founder’s Son as Next CEO
Real estate magnate Chua Thian Poh has officially handed day to day control of listed developer Ho Bee Land to his son Nicholas Chua, as the luxury residential developer prepares for a new generation of leadership.
Also known as Chua… Read More>>
CapitaLand Ties Up With PGIM, Japanese Partners for $510M in New Funds
CapitaLand Investment Ltd has teamed up with PGIM Real Estate and a set of Japanese investors in separate deals establishing a pair of private funds in Japan and South Korea worth S$688 million ($510 million), as the Singapore-based fund manager… Read More>>
Blackstone Hires Former Morgan Stanley Exec to Lead Japan Business
Private equity giant Blackstone has hired former Morgan Stanley executive Ryusuke Shigetomi to head its operation in Japan as the firm expands its presence in Asia’s second biggest economy.
Formerly vice chairman of Morgan Stanley Global Investment Banking… Read More>>