The Hong Kong-based private equity real estate firm’s decision to expand its investment horizons to include private equity and infrastructure is understood to have contributed to founder and chief executive officer Rong Ren’s decision to resign.
3 min read · 17 January 2013
John McCarthy, Starwood Capital Group’s global head of asset management, who held a similar role for the real estate division of collapsed Wall Street bank Lehman Brothers, is expected to join ADIA’s Real Estate Department next month.
2 min read · 17 January 2013
The Hong Kong-based private equity and real estate firm has bolstered its ranks by recruiting a four-strong team from Amsterdam-based retail property company Redevco led by Robert Lie.
2 min read · 17 January 2013
The New York-based firm has raised RMB 1.2 billion for a mixed-use development in Suzhou in what it claims to be the first Renminbi denominated real estate fund raised by a foreign developer.
2 min read · 17 January 2013
In its first full year of owning investment properties, the Hong Kong Monetary Authority’s $320 billion Exchange Fund saw its value dip as it revealed its overall annual return had dropped by more than two-thirds also.
2 min read · 17 January 2013
According to the latest findings of its recently-launched, non-listed funds performance index, the Asian Association for Investors in Non-listed Real Estate Vehicles, has found the total return from its sample of opportunity funds returned 12% in 2011, more than funds adopting less riskier strategies.
2 min read · 17 January 2013
Garth Peterson, the ex-Morgan Stanley Real Estate Investing (MSREI) managing director whose actions led to the division’s China platform to be subjected to a nine-month corruption probe in 2009, has pleaded guilty for his role in evading its internal controls for the purposes of personal gain.
3 min read · 17 January 2013
The firm's plans to focus on country-specific core funds in Asia going forward have led to it agreeing to sever ties with the Asia Property Fund. LaSalle launched the fund in 2007 alongside Prudential’s PRUPIM with an initial $600m of assets.
2 min read · 17 January 2013
The Hong Kong-based private equity real estate firm and its joint venture partner SOCAM Development have put RMB260m to work acquiring a 1m sq ft development site in Wuqing, Tianjin.
2 min read · 17 January 2013
After canvassing views from prospective investors, the Hong Kong-based firm has launched a China-focused vehicle similar to traditional private equity real estate funds, but allowing for a strategic review half-way through its investment period.
3 min read · 17 January 2013
