Michelle Phillips
The capital injection follows backing last year from Townsend and Carlyle and meets the Chinese developer’s funding needs “for the foreseeable future”.
The Hong Kong-based firm has teamed up with Zug-based Partners’ Group to buy Pacific Century Place in Beijing for $928 million.
.jpg "Verwer replaces Mitchell as CEO of APREA")
The Australian native will assume his new role as Mitchell steps down on July 1.
The Chinese conglomerate is understood to be in the due diligence phase of acquiring boutique domestic manager IDERA.
The Hong Kong-based firm has made its first foray into the Japanese market with the purchase of the Hyatt hotel in Osaka.
The Cape Town-based real estate fund manager ultimately wants to coral $250 million for investments across Sub-Saharan Africa ex-South Africa.
The asset management arm of the Frankfurt-based bank is predicting a slight downturn in core office and retail yields in two of Asia’s mature markets.
The two firms have committed about $160 million to an Australian club vehicle focused on industrial property managed by Propertylink.
.JPG "Lor to depart APG’s Asia RE team")
After four years at the Dutch pension’s Hong Kong office, Lor is understood to be moving on.
The Canadian pension manager has invested in a fourth platform in the country with China Vanke, the largest residential developer in China.