The former head of Greater China at Pramerica now heads Asian real estate at the Qatar Investment Authority, which is looking to diversify its investment portfolio geographically.
Independent asset manager Aalto Invest has given a boost to its €700 million UK and European real estate lending program by hiring the man responsible for building up Royal Bank of Scotland into a global property finance powerhouse.
The Los Angeles-based real estate investment manager is slated to hold a final close for its value-added fund this month and complete the initial round of capital raising for its open-ended core fund during the fourth quarter.
The US bank has decided to shut down its real estate investment office in India, revealing some disillusionment with the real estate sector in the country.
The placement agent has hired six professionals, including partner Kirk Rostron, bringing its staff count to 32 across nine offices globally.
The hotel operator’s $1.25 billion IPO would pave the way for the New York-based private equity and real estate firm to eventually exit its single largest investment, which was made primarily on behalf of BREP VI.
The Hong Kong-based firm is expected hold a final close for the Asia-focused investment vehicle on $600 million sometime in the next two months.
In order to expand its real estate holdings outside of France, La Française, a $50 billion affiliate of Crédit Mutuel Nord Europe, has entered into a partnership to acquire a 24.9 percent stake in Forum Partners and commit more than $600 million of capital across Forum’s strategies.
The world’s largest sovereign wealth fund has purchased a 45 percent interest in the NYC building from Boston Properties for $684 million.
Further signs of the internationalization of Indian real estate as the world’s largest privately held commercial property services firm buys the entire team of a local consultancy.