The Mumbai-based firm is also set to begin fundraising for a $100m real estate fund targeting domestic opportunities.
2 min read · 24 January 2013
Benjamin Young, the former chief investment officer of RREEF’s opportunity funds, has joined Strategic Value Partners as global head of real estate. SVP has also hired Georg Strassner, formerly with Morgan Stanley subsidiary Argoneo.
2 min read · 24 January 2013
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
