The private equity real estate firm has acquired a stake in local real estate developer Shriram Properties, scant days after news emerged of Canadian pension fund manager Caisse’s plans to invest up to C$1.6bn in the country.
The investment bank will take a five percent stake in Japan’s third-biggest beer maker as the two partner to expand their real estate holdings in the country.
The Blackstone Group has recently opened an office in Tokyo, headed by Alan Miyasaki, who has moved over from New York to spearhead the group’s real estate investment activity.
The firm is seeking to raise between $300 and $400 million for its new partnership vehicle with Singapore-based WIRE Group.
Three weeks after The Carlyle Group announced its investment in Brazilian real estate developer Scopel, New Jersey-based Prudential Real Estate Investors has joined with Racional Engenharia to target investments in Brazil’s industrial property market.
The firm, launched in 2002 by Chris Gradel and Horst Geicke (pictured), is adding a Greater China real estate vehicle to its group of funds.
The London-based firm is attempting to capture demand for premises from local and international retailers as well as the Nordic region’s spending power.
The investment bank is gearing to close its first pan-European property fund, looking to raise 1bn.
In Asia, indigenous institutions are scaling up their regional property activities. Foreign private equity real estate investors could benefit.
The warehouse developers chief executive says it is planning to double investment in Asia and Japan to as much as $12 billion and that it may launch a third fund with GIC.