Chen Fan has left the bank's private equity arm to ‘pursue his own interests', Fan had been involved in the bank's investments in Chinese property developers Sino Ocean Real Estate Development, Shimao Property Holdings and Greentown China Holdings.
1 min read · 21 January 2013
The pension, with assets of $16bn as of 30 June 2008, made more than $300m of commitments in the past month, including to a debt fund from Mesa West Capital. The Mesa West fund, which is reportedly targeting up to $500m, is expected to close in the coming months, sources say.
1 min read · 21 January 2013
Chetan Dave will take on the mantle of senior advisor at the Mumbai-based joint venture between Sun and AREA Property Partners. Managing director Prakash Kalothia will take his place.
1 min read · 21 January 2013
CITIC is reportedly in discussions with Australian bank Macquarie to buy a residential development in the city.
1 min read · 21 January 2013
Her departure, a possibility PEO reported last week, is a huge blow to ICICI Venture, which is currently in the market for a $1.2bn fund.
2 min read · 21 January 2013
The UK property company owned by the Duke of Westminster hopes to grow its funds business through corporate acquisitions. The strategy was part of a three pronged plan revealed by Grosvenor as it posted its year end results.
1 min read · 21 January 2013
In addition to his current role at the global private equity firm, Ming Lu will stand for election at the global real estate firm’s annual meeting of shareholders next month.
2 min read · 21 January 2013
In a survey conducted by property services firm DTZ, nearly half of occupiers said they were seeking more office space but landlords should expect to be asked for more favourable lease terms.
1 min read · 21 January 2013
A professor at Chinese government think tank, the Chinese Academy of Social Sciences, says urban residential property values are likely to fall by as much as 50 percent over the next two years.
1 min read · 21 January 2013
Martin Seol is appointed head of real estate for Merrill Lynch in Asia Pacific on a full time basis. He assumes control of the platform from Tim Grady, who resigned from the firm at the beginning of the month.
1 min read · 21 January 2013
