Following a tumultuous 2009 for global real estate, 2010 is already showing significant signs for optimism, according to property services firm DTZ in its annual “Money into Property” report.
2 min read · 24 January 2013
Ping An Insurance has received regulatory approval to purchase TPG’s 17% stake in Shenzhen Development Bank. The acquisition will be paid in Ping An shares and looks set to make TPG at least an 8x return on its initial investment.
2 min read · 24 January 2013
Usual suspects London, Hong Kong and Tokyo still top the most expensive list, according to a survey by CB Richard Ellis. Global rents have fallen 4.6% from one year ago.
2 min read · 24 January 2013
Jayanta Banerjee and two other senior professionals on the Mumbai-based firm’s private equity team have resigned to set up their own private equity shop.
2 min read · 24 January 2013
A focus on alternative assets by Australia’s A$67bn Future Fund led to an increase in real estate exposure from 1% to 4% in the year to March 31 2010. The state wealth fund also increased its exposure to infrastructure investments.
2 min read · 24 January 2013
The global placement agent has launched a platform to help managers raise RMB funds and has hired Eric Gu from China’s National Social Security Fund to lead the effort.
2 min read · 24 January 2013
French and German foreign minsters have come out strongly against the ‘third country’ rules in the latest draft of the proposed EU regulations.
3 min read · 24 January 2013
Canada-based China Select Capital Partners has received approval from the municipal government of Suzhou Industrial Park to set up funds denominated in the Chinese currency.
1 min read · 24 January 2013
An online petition urging the pension giant to unload real estate holdings in the state has surfaced – an initiative designed to oppose a new immigration bill signed into Arizona law on Friday.
2 min read · 24 January 2013
The Olympus Capital Holdings Asia- and Bessemer Venture Partners-backed Indian renewable energy company has filed a draft red herring prospectus.
2 min read · 24 January 2013
