Dave Keating
The Chiphua Group is adding its Vietnam-focused vehicle to the handful of real estate funds launched so far dedicated to the emerging south east Asian country.
As real estate investors such as Sam Zell’s Equity International scout opportunities in Libya, a project in the seaside resort of Janzour has received a €55 million development finance facility, the first of its kind in the country.
Mike Smith will replace Philip Levinson as director of client services for LaSalle’s Asian investors in real estate products.
The direct investment arm of AIG Investments has sold its 14.15 percent stake in Turkey’s largest chain of movie theaters.
The German firm has launched a fund of funds to invest in five pan-Asian vehicles, targeting a maximum final close of $465m.
As the bank seeks to raise funds after its subprime hit, Morgan Stanley Real Estate has snatched its Japan headquarters for a reported $445 million.
The firm has purchased three locations of the well-known Lotte hypermarket chain in a sale and leaseback deal.
Mitchells & Butlers may get a bid from the private equity consortium to counter an offer from its rival, Punch Taverns.
The Singapore-based firm is raising a dedicated Indian real estate fund focusing largely on the South of the subcontinent.
AAIM, which counts celebrities such as Simon Cowell and Sir Alex Ferguson among its investors, will open a Delhi office soon to begin the work of investing in the subcontinent.