Asia real estate and outbound investment news
PAG has secured a $100 million capital commitment from an existing limited partner, the Teacher Retirement System of Texas, for the Asian private equity firm’s latest opportunistic real estate fund.
The investment in PAG’s Secured Capital Real Estate Partners VIII… Read More>>
Mainland developer China Aoyuan has filed for Chapter 15 bankruptcy protection in New York, with that story leading Mingtiandi’s roundup of headlines from around the region. Also in the news, a Singapore residential redevelopment site sells for below its guide… Read More>>
An investor group including Hong Kong-based private equity firms Gaw Capital and PAG and the merchant banking arm of Goldman Sachs is marketing a grade-A commercial building on Shanghai’s famed West Nanjing Road in the midst of China’s property market… Read More>>
Chinese developer Country Garden has agreed to sell its minority stake in the mall business of embattled peer Dalian Wanda Group for RMB 3.07 billion ($428 million), as the heavily indebted builder continues to liquidate assets amid a protracted funding… Read More>>
Once ranked as China’s richest man, Dalian Wanda boss Wang Jianlin is handing control of the mainland’s largest commercial developer to a creditor group led by Hong Kong private equity shop PAG after losing a bet that he could achieve… Read More>>
Asian private equity powerhouse PAG has made its second opportunistic property purchase in Australia within less than two months with the pick-up of Perth mall for a figure said to be around a quarter less than what its owners were… Read More>>
Asian private equity major PAG has agreed to acquire buyout giant KKR’s controlling interest in Australian Venue Co, an operator of pubs, restaurants and event spaces, for an undisclosed amount.
AVC owns and operates a portfolio of more than 210… Read More>>
PAG Real Assets on Tuesday confirmed its $1.8 billion final closing on its PAG Real Estate Partners Fund III (PREP III), with the real estate and digital infrastructure division of one of the region’s largest private equity firms declaring a… Read More>>
PAG has acquired an office tower in central Sydney for A$393.1 million ($257.8 million), with the Asian private equity major taking advantage of a downturn in the Aussie market to pick up the property at a discount.
The Hong Kong… Read More>>
Some new management at Singapore’s sovereign wealth fund leads this week’s set of real estate personnel moves from around Asia, as well as an executive from APG leaving Hong Kong for the Lion City. Also making the list is some… Read More>>
