Dave Keating

The Australian property firm has held a first close on its €500 million fund to invest in French industrial property.

Home sales by area and value both declined in the first half of the year, for the first time since 1998, with sales predicted to continue falling for the remainder of the year.

The firm has hired former AXA REIM professional Fabio Donato for its Italian office and has made a new acquisition in the country, investing in an unoccupied site in Rome.

Millennium Group, a Hong Kong-based real estate investment firm, has partnered with Cambodia’s biggest mobile phone operator to build resorts, casinos and an airport on an island off the coast.

The firm has joined with Chinese real estate firm Agile Property, investing $772m in their development on Hainan island.

The company’s real estate investment arm, Landmark Land Holdings, has made a new investment from its closed-ended fund in an integrated township project on the Mumbai-Pune expressway.

SHUAA Partners has raised $165m to invest in hotels, resorts and serviced apartments in the Middle East and North Africa. The firm plans to invest in the development of five- and four-star hotels, resorts, budget business hotels and serviced apartments.

The ratings agency has highlighted the need for strong management that can manage liquidity in a new report.

The UK government-backed emerging markets fund of funds has invested in Africa Capital Alliance, one of six private equity funds to receive $150m from the firm.

Indian real estate firm Sobha Developers has sold a 40 percent stake in a township project to the Dubai firm.