Dave Keating
In a deal arranged by Renaissance Capital, shopping mall developer Karavan Real Estate will become the first Ukrainian company to receive investment from Citi’s private equity funds.
The Indian company says it hopes to reach a final closing on $750 million in the next three months.
The firm’s infrastructure fund, launched in August with a target of $1bn, will provide capital for the expansion of Soma Enterprise.
As Western markets continue to see less activity, ING plans to sink a further $700 million into the growing Asian property market.
The private equity real estate arm of Knight Frank is seeking $300m of equity to seed the fund, which has a target size of $1bn.
A small council in Scotland has voted to send the Donald packing, rejecting a planned £1bn golf resort on the Scottish coast.
Pacific Alliance China Land will focus on residential, commercial and industrial properties in the middle kingdom.
The firm has launched a global real estate securities fund for Taiwanese investors, investing in REITs globally.
The US investment fund will reportedly sell the 55 hotels it owns in Japan through Solare Hotels and Resorts.
In their first foray outside of the European property market, the London-based firm has partnered with an Indian family business to offer funds investing in development in India.