Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Sign Up / Login Logout

Lost your password?
Register
Forgotten Password
Cancel

Register For This Site

A password will be e-mailed to you.

  • Capital Markets
  • Events
    • Join the Mingtiandi Proptech Forum 2021
      • Asia Proptech 2021: COVID-19 Accelerates a Trend
      • Panel Talk: Tech Adoption in Logistics Real Estate
    • Promote Your Brand with the Mingtiandi Proptech Forum 2021
    • 2021 Mingtiandi Event Calendar
    • More Events
  • MTD TV
  • People
  • Logistics
  • Asia Outbound
  • Retail
  • Design & Construction
  • Research & Policy
  • Advertise

JP Morgan Said Selling India Fund Business to Apollo and More Asia Real Estate Headlines

2018/07/12 by Michael Cole Leave a Comment

Nipun Sahni

Apollo India partner Nipun Sahni may soon take over JP Morgan’s fund business

India may be the hottest market for some international real estate investors this year, but that doesn’t mean that everyone who enters the market will win, as US financial giant JP Morgan decides to give up and go home after trying to build a fund business there. Also in the news today, JD.com keeps investing in online retail and China’s sovereign wealth fund says its on the lookout for more European deals. Keep reading for all these stories and more.

JP Morgan in Talks to Sell India Real Estate Funds to Apollo

JP Morgan is in talks to sell its India-focused real estate funds, but says it remains committed to real estate in the Asia Pacific region. The US banking giant is planning to sell two of its India-focused private equity real estate funds to Apollo Global Management for a nominal amount after failing to scale up to the size it wanted, according to accounts in the Indian media.

The New York-based bank follows a move by other global banks who have exited their mutual fund businesses in India due to competitive returns offered by local fixed deposits and competition from local players with deeper networks. Read more>>

JD.Com Leads $175M Investment in Secoo

JD.Com, China’s second-biggest e-commerce player, is turning its attention to the high-end retail sector with its participation in an investment in Asia’s largest online luxury shopping platform Secoo Holding.

Secoo has secured USD175 million through a cooperation agreement with JD and the Asian unit of consumer-focused private equity firm L Catterton, the Beijing-based upscale retail platform said in a statement. Read more>>

China’s CIC on the Hunt for More European Deals

China’s CIC sovereign wealth fund sees an attractive investment environment in Europe and plans to invest more in the region, its president said on Wednesday in Paris. Speaking at a financial conference in Paris, China Investment Corp. President Tu Guangshao said there were quite a few buoyant industries in Europe.

“China Investment Corporation is prepared to broaden and deepen its investments in Europe,” he said, adding it would work in partnership with financial institution firms to make more investments. Read more>>

CSCEC US Affiliate Breaks Ground in NYC

Greenwich West, a 30-story luxury condominium building by China Construction America (CCA), broke ground Tuesday in Manhattan. Greenwich West is located at 110 Charlton Street on the west side of Manhattan’s artsy Soho neighborhood just steps from the West Village, in the thriving district known as Hudson Square.

The building is developed by a joint venture led by Strategic Capital, the investment and development arm of CSCEC subsidiary CCA, which has been operating in the U.S. construction market for more than 30 years. Read more>>

Casa Sophia in District 9 Joins SG Collective Sale Surge

Casa Sophia in District 9 is up for collective sale with a reserve price of $36 million. Owners at the freehold, 12-unit development in Mount Sophia could receive between $2.69 million and $3.4 million.

Based on the reserve price, the land rate translates to an estimated $1,390 per sq ft per plot ratio (psf ppr), excluding development charge. Under the Urban Redevelopment Authority’s Master Plan 2014, the site is zoned residential and could be redeveloped into an estimated 34 units, based on a 753 sq ft per unit size. Read more>>

HK Developers Up Home Prices Despite Market Curbs

Hong Kong’s home prices are showing no signs of letting up, as developers continue to raise their offer price with each successive sales launch, confident that there are enough eager property buyers to snap up any additional supply that goes on the market.

For proof, look no further than The Garrison’s 118-unit apartment complex in Sha Tin, developed by Far East Consortium International. The developer raised its prices by 14 per cent in a span of four days this week, adding HK$762,000 to the price of a 251 square-foot (23 square metre) unit in the single-storey tower, for a jaw-dropping HK$6.22 million, or HK$24,804 per sq ft. Read more>>

Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.

Related Stories

  • CSCEC US Unit Enters NYC Market with $140M Condo InvestmentCSCEC US Unit Enters NYC Market with $140M Condo Investment
  • Korea’s NPS Acquires $2B US Logistics Portfolio and More Asia Real Estate HeadlinesKorea’s NPS Acquires $2B US Logistics Portfolio and More Asia Real Estate Headlines
  • Vanke Sues US Partner Over Struggling NYC Project and More Asia Real Estate HeadlinesVanke Sues US Partner Over Struggling NYC Project and More Asia Real Estate Headlines
  • Asia Real Estate People in the News 2020-11-16Asia Real Estate People in the News 2020-11-16

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: crelist Tagged With: Apollo Global Management, CSCEC, JD.com, JP Morgan Chase, Secoo, Strategic Capital

MTD Proptech Report Download

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Benoy banner

Get Mingtiandi Delivered

MTD Proptech Report

Latest Stories

Sherman Kwek CDL

Singapore’s CDL Warns of Loss After China Developer Investment Swells to $1.4B

Alibaba Unit Leases Most of ARA, Chelsfield SG Project and More Asia Real Estate Headlines

Andrew-Slevin-John-Foord (4)

Insurtech to Help Address Underinsurance Across Asian Real Estate Assets in 2021 Sponsored Feature

Chief Investment Officer for Asia, Hines

Hines Hires New Asia Investment Chief as Fund Management Business Grows

Sponsored Features

Andrew-Slevin-John-Foord (4)

Insurtech to Help Address Underinsurance Across Asian Real Estate Assets in 2021 Sponsored Feature

CK Lau

Asia Pacific Logistics Sector: Increasingly Varied Sector Requires Multiple Approaches Sponsored Feature

COVID-19 Uncertainty Creates New Priorities for Real Estate Investors Sponsored Feature

Urban planning

Urban Placemaking with Big Data and Little People Sponsored Feature

More Sponsored Features>>

MTD-QR-Code-320

Top Stories

Eagle Hospitality Trust Hotels Declare Bankruptcy as Singapore REIT CollapsesEagle Hospitality Trust Hotels Declare Bankruptcy as Singapore REIT Collapses

Hines Hires New Asia Investment Chief as Fund Management Business GrowsHines Hires New Asia Investment Chief as Fund Management Business Grows

Blackstone Closes on $1.1B China Logistics Deal and More Asia Real…Blackstone Closes on $1.1B China Logistics Deal and More Asia Real Estate Headlines

Tech Adoption in Asian Real Estate: Download the ReportTech Adoption in Asian Real Estate: Download the Report


Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • Events
    • Join the Mingtiandi Proptech Forum 2021
      • Asia Proptech 2021: COVID-19 Accelerates a Trend
      • Panel Talk: Tech Adoption in Logistics Real Estate
    • Promote Your Brand with the Mingtiandi Proptech Forum 2021
    • 2021 Mingtiandi Event Calendar
    • More Events
  • MTD TV
  • People
  • Logistics
  • Asia Outbound
  • Retail
  • Design & Construction
  • Research & Policy
  • Advertise

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Newsletter Subscription
  • Terms of Use
  • Privacy
  • Advertise
  • Join the Mingtiandi Team

We use cookies in accordance with our Privacy policy to provide the best user experience on Mingtiandi and to safeguard user data. By continuing to browse you consent to the policy. AcceptRefuse