Dave Keating

National Bank of Kuwait has launched a Shariah-compliant fund to invest in real estate assets, developments and operating companies.

Financed from the firm’s Mistral Energy II renewables project fund, the new plant will provide power for 2,000 households per year.

The Singapore firm has set up a joint venture in Germany to attract commitments from European institutional investors keen to invest in pan Asian real estate opportunities.

Larsen & Toubro, one of the rising stars of India’s new economy, has entered the private equity real estate arena with a fund for real estate-related infrastructure projects.

The US investment bank has acquired a 5.5 percent stake in the company, which develops residential and leisure communities.

Nasser Munjee, who set up India’s IDFC only to resign a few years later, has returned to infrastructure investment by teaming with veteran investment manager Ajit Dayal.

India's infrastructure boom is backed by consumers who demand better services.

The Piramal-owned firm has already received a $250m commitment from 3i.

Old Mutual Investment Group is showcasing a new $500 million Indian real estate fund at the world’s largest property conference in the south of France this week.

The third closing follows a €12 million acquisition in Belgium.