Michelle Phillips
The Beijing-based boutique firm is hoping to raise $100 million from Chinese high net worths and institutions for investments in existing properties with stable cash flows stateside.
The New York-based firm has purchased the Diagonal Mar shopping center in the heart of Barcelona for its $2.8 billion, evergreen opportunity fund.
Global fundraising for private real estate ballooned by 57 percent year-on-year, thanks especially to the megafunds closed in Europe and the US.
The firm has acquired its third IT park in Bangalore as part of its 50:50 joint venture with domestic developer Embassy.
In its second debut acquisition in a new market in two months Gaw Capital Partners has bought a majority stake in a mixed-used property in Seoul.
The largest division within CITIC Group has revealed plans to make the fund public within three years, and in just over a month has raised its entire RMB5.2 billion goal.
The New York-based real estate and private equity giant has purchased a 50% stake in Sydney’s Westpac Place from Mirvac and is likely to exercise options to buy positions in another seven assets from the Australia-listed property company.
Hong Kong-based Starcrest is hoping to attract as much as $300 million from institutional investors for China property deals by early next year.
The Sydney-based property developer-cum-fund manager has sold down part of its stake in the Barangaroo South Project in Sydney's central business district and 70 Eagle Street in Brisbane in deals valued at a combined A$323 million.
The Beijing-based bad loan bank is planning to raise $1bn each for two funds, one focused on the US, the other focused on China.