Michelle Phillips

For its third property mandate in two months, the A$75 billion Australian superannuation is entering Australia’s residential market.

Through Shanghai-based RIC Capital Management, a handful of Chinese family offices are completing the second tranche of a senior housing development.

The Singapore-based fund manager is planning to partner with domestic retail partner Chongbang for the formation of an evergreen vehicle.

The venture, which is being run by the Zurich-based investment firm’s property team, is understood to be seeking accounts of between $500 million and $1.5 billion.

Less than a year after losing two senior Japanese investment professionals, Deutsche has hired a new head of Japan for property.

Commercial transactions volumes have rebounded from lows in Q1, with many investors deploying their capital in higher risk-return strategies.

The Shanghai-based firm is plotting to launch its first US-focused property fund by the beginning of next year for its Chinese investors.

The private equity firm and the bank have agreed to make a combined INR7.5 billion loan to Indian developer Wadhwa Group for one of its residential projects.

  And the New York private real estate giant is not done fundraising for the vehicle.  

  The firm said the final closing of LaSalle Asia Opportunity Fund IV and the forming of two separate accounts has given it $3 billion of firepower for the region.