Michelle Phillips

To reflect a change in strategy, the Singapore-based property firm and its Malaysian partner have decided to hold a final closing on their second property fund at just MYR140 million, well short of its original MYR1 billion target set seven years ago.

The London-based property investment firm has acquired three properties for its open-ended Asia core fund, bringing the firm’s regional portfolio to $1.6 billion.

The Singapore-listed developer and fund manager has raised the first $1.6 billion of the $2.5 billion mega-commitment into its China platform from domestic investors.

In the face of China’s volatility, even alternative debt lenders in China are reigning in their investment pace to pick only the best distressed situations. 

The New York-based private equity firm has teamed up with a regional hedge fund to acquire K Twin Towers in Seoul’s central business district.

After a brief interruption following the takeover of ING, the global real estate investment manager has held a final close on its first China-focused fund.

Indian conglomerate Piramal has merged its funds management business with its non-bank loan business to form Piramal Funds Management.

The New York-based investment manager has made its foray in the real estate space starting with a Middle East-focused Shariah-compliant vehicle.

The global property manager has teamed up with a Saudi Arabian investment manager to bring Arabian Gulf capital to Asia and hopes to raise $300m from Shariah-compliant investors.

The private equity giant and Malaysian sovereign wealth fund have each bought a 10 percent stake in a Philippine housing developer and manager.