Dave Keating
In a deal that will rank as one of the largest private equity deals in the country, the two firms will team with a local property developer to develop a township in India.
In another sign of increasing interest in Japan, the Los Angeles-based firm has hired corporate finance and real estate pro Takahide Akiyama to lead its Japanese operations.
The private equity firm is reportedly planning its first India dedicated real estate fund, targeting investors from the US, Europe and Asia.
The Mumbai-based publicly listed private equity arm of Infrastructure Leasing and Financial Services has partnered with Milestone Capital Partners for a real estate fund, as it plans to launch a larger $1bn fund in October.
The US property developer acquired by Blackstone in February is set to buy the largest acquirer of software parks in China, according to the Chinese company’s chairman.
The Indian private equity real estate fund will unveil its second offshore fund by the end of the year.
Southeast Asia’s largest developer has set up its second Chinese property development fund, targeting retail properties.
The firm is launching its second Asian fund of funds vehicle less than a year after its maiden foray into the region.
The industrial property investor hopes to bring its total Japanese investment to $7.9bn by the end of 2009, its Japan chief says.
Nagarjuna Construction Company, the third largest construction company in India, has received an initial investment from The Blackstone Group.