Rava Named Preferred Bidder for Korea’s IGIS and More Asia Real Estate Headlines

News of Hillhouse Investment’s Rava Partners unit picking up another asset manager leads our look at real estate headlines from around the region today, as the company’s Samty Holdings unit is said to be named preferred bidder for Korea’s IGIS. Also on the list is a potential stock market listing for one of India’s largest developers and Goodman’s hyperscale plan for western Sydney. 

Hillhouse’s Rava Named Preferred Bidder for IGIS Through Samty

Chinese deal maker Zhang Lei’s Hillhouse Investment has been selected as the preferred bidder to acquire Korea’s IGIS Asset Management, a major real estate investment manager, industry sources said Monday.

Morgan Stanley and Goldman Sachs, the lead managers for the sell-off, have given notice that Hillhouse has been selected as the preferred bidder to acquire IGIS with an offer of 1.1 trillion won ($748 million), sources said. Hillhouse will be acquiring a 98.8 percent stake in the company. Read more>>

Bengaluru-Based Developer RMZ in Talks with Bankers for $1B IPO

RMZ Corp, one of India’s biggest developers, is considering an initial public offering that may raise as much as $1 billion, according to people familiar with the matter, paving the way for one of the country’s largest real estate listings.

The Bengaluru-based company has held preliminary discussions with bankers about a potential listing, the people said, asking not to be identified as the discussions are private. The offering is likely to take place later next year, they said.Read more>>

Goodman Plans $3.3B Western Sydney Data Centre Campus

Billionaire property developer Greg Goodman has thrown down the gauntlet to his rivals in the data centre industry with plans for an A$5 billion ($3.3 billion) project in the emerging hub in western Sydney

At Eastern Creek, Goodman Group has effectively dropped plans to re-lease a former Coles facility and it will instead be replaced by two data centres, with their multibillion-dollar end value making them among the largest projects of their kind in the country. Read more>>

Hongkong Land Touts Full Floor Lease with Offshore Law Firm Harneys

Hongkong Land has secured the return of international law firm Harneys to its office portfolio in the Central business district, in a deal that underscores improved sentiment in Hong Kong’s premium commercial property market, the company said on Wednesday. 

Harneys, which marks two decades in Hong Kong this year, has signed an eight-year lease for 11,048 square feet on the 14th floor of Alexandra House, part of Hongkong Land’s Landmark complex. The firm, a repeat tenant previously based in Exchange Square, will relocate in February 2026. No rental price was disclosed. Read more>>

TPG Raises $6.2B for Real Estate Credit Fund

TPG Inc blew through an earlier goal to raise more than $6.2 billion for a fund that will invest in privately negotiated debt deals as it capitalizes on looming maturities and higher financing costs.

Its TPG Credit unit, previously Angelo Gordon’s credit platform, exceeded a $4.5 billion target for its third Credit Solutions Fund, double the size of the previous vintage. The firm’s managers will originate bespoke debt financings for public and private borrowers, as well as private equity portfolio companies, according to Ryan Mollett, TPG’s global head of credit solutions. Read more>>

China Vanke Bondholders Talking to Advisors as Restructuring Looms

China Vanke Co.’s offshore creditors have started fielding requests for talks with potential advisors, a sign that investors are preparing for a worsening of the developer’s debt crisis.

The distressed builder’s bondholders have been approached by Houlihan Lokey Inc., which is seeking to advise them, people familiar with the matter said. Such steps are often a prelude to forming so-called ad hoc committees that typically act as noteholders’ main representative in restructuring talks. Read more>>

Colliers Takes Full Ownership of India Business

Property consultancy Colliers has taken full control of its India business, identifying the country as a key growth engine for its global business. 

“Our ambition for Colliers India is bold, we are investing in our people, platforms, and capabilities to set new benchmarks for excellence,” said the company’s CEO and managing director, Badal Yagnik. ”Our focus is on delivering innovative solutions, strengthening client partnerships, and creating long-term value for all stakeholders.” Read more>>

Japan’s CREAL Concludes Share Sale to Expand Platform

Japanese real estate investment manager CREAL announced Tuesday that it has concluded share sale agreements with a range of new partners to fund its investment into digital transformation, AI and upgrades to its security token infrastructure, as well as expanding its real estate and hospitality platforms. 

The company said its new partners include SBI Holdings, JIC Venture Growth Investments, Chuo-Nittochi Group, Kiraboshi Capital and Japan Airlines. Read more>>

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