Dave Keating
The Singapore real estate firm, Mapletree, has partnered with the Bahrain-based investment fund, Arcapita, to buy a portfolio of Singapore industrial assets, which may then be listed according to the chief executive of Mapletree, Hiew Yoon Khong.
The Dubai investor has partnered with the Spain-based private equity firm to acquire a 50 percent stake in three internationally branded five star hotels in Thailand.
The Saudi petrochemical conglomerate has continued its push into property, establishing a joint venture with Singapore investor Yusof Wahid to invest in East Asian property.
One year after Knight Frank’s Rutley Capital Partners launched a £101m East Africa fund, another UK-based firm, Integreated Property Investments, is planning a property fund for the region.
CITIC CapitalLand Business Park Fund has closed on $72.5m, having raised money from domestic Chinese institutional investors. It is the first private equity real estate fund to be denominated in Yuan.
Hong Kong tycoon Li Ka-shing’s firm will mainly focus on the main cities in China, Singapore, Hong Kong and Malaysia, but also look to Taiwan, Thailand and Vietnam. With leverage, ARA has a potential $5bn to invest.
The London-based property find manager has appointed former Goldman Sachs professional Michael Flynn as managing director of the new branch.
The UK fund of funds has backed funds from IDFC, Actis and Kotak.
The UK government-backed fund of funds has invested in funds from IDFC, Actis and Kotak.
Prudential’s property investment arm will charge ahead with its fundraising for the Southeast Asian nation, according to its Asia chief executive Alex Hambly.