Less than two years after raising $1.9 billion for Secured Capital Real Estate Partners VI fund (SCREP VI), Hong Kong-based alternative investment manager PAG has begun raising fund for its next opportunistic vehicle, according to market sources cited in a… Read More>>
Bouwinvest Reveals $100M Investment with PAG
Amsterdam-based Bouwinvest Real Estate Investors has committed $100 million to Asian investments managed by private equity firm PAG, according to an announcement last week.
Bouwinvest’s cash has already been put to work under PAG’s real estate division acquiring 26 office… Read More>>
Chinese Investor Buys Melbourne Complex for A$150M and More Asia Real Estate Headlines
Melbourne leads the way in Mingtiandi’s roundup of Asia real estate headlines today as a company with links to a mainland China developer has snapped up a Novotel hotel and a shopping mall in the Australian city for $105 million.
Property Mogul Charged with Molestation and More Asia Real Estate Headlines
The disgraced former chairman of a Hong Kong-listed developer leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the property mogul has been formally charged with sexually molesting a child.
In other news… Read More>>
CapitaLand, CDL Complete S$400M Buy of PGIM Mall in SG and More Asia Real Estate Headlines
A Singapore mall leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that two major property developers have paid the S$400M bill for their joint shopping expedition, while a Hong Kong-based private equity firm… Read More>>
PAG Expands in India, Picks KKR Vet to Head PE Business
Hong Kong-based private equity heavyweight PAG has expanded its operations in India, including bringing on board a KKR veteran to help direct its buyout business in the country, according to an announcement this week by the firm.
Nikhil Srivastava, who… Read More>>
PAG Buys Mapletree Bay Point, Reaches $1.5B First Close on Pan-Asian Fund — Exclusive
Private equity firm PAG has purchased Mapletree Bay Point, a prime office building in Hong Kong’s Kowloon East area which is home to both HSBC and WeWork, according to sources familiar with the transaction who spoke with Mingtiandi.
The acquisition… Read More>>
Blackstone Buys 50% Stake in Sydney Complex From PAG and More Asia Real Estate Headlines
Real estate investors across Asia seemed in a hurry to finish their Christmas shopping this past week with Blackstone closing a pair of deals in Sydney and India’s national capital region to go with a Shanghai acquisition and Singaporean investors… Read More>>
PAG Joins Firms Leaving Hong Kong’s Central for Cheaper Pastures
Ever-climbing office rents in Hong Kong’s Central district have prompted yet another finance company to change business locales, with private equity firm PAG signing a deal with Swire Properties to lease two floors in Three Pacific Place in Admiralty.
The… Read More>>
New World Sues HMV for HK$5M in Unpaid Rent and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news is the slow death by retail of the music seller HMV. The giant of the age of LPs, 8-tracks and cassettes is being sued by New World for HK$5 million in allegedly unpaid… Read More>>
