Dave Keating
The Kuwait-based firm has acquired a quarry and site for a cement plant in Tunisia on a Greenfield plot over 220 hectares.
The UK's Somerfield supermarket chain, acquired for £1.8bn in 2005 by an Apax- and Barclays-led consortium, has been sold on a cash-free, debt-free basis. The sale reportedly resulted in a 2x exit for the syndicate.
SHUAA Partners has raised $165m to invest in hotels, resorts and serviced apartments in the Middle East and North Africa. The firm plans to invest in the development of five- and four-star hotels, resorts, budget business hotels and serviced apartments.
The Singapore real estate firm, Mapletree, has partnered with the Bahrain-based investment fund, Arcapita, to buy a portfolio of Singapore industrial assets, which may then be listed according to the chief executive of Mapletree, Hiew Yoon Khong.
The fund, one of the largest targeting real estate in India, will reportedly consider a public listing on the London Stock Exchange at any point during its lifespan.
Hong Kong tycoon Li Ka-shing’s firm will mainly focus on the main cities in China, Singapore, Hong Kong and Malaysia, but also look to Taiwan, Thailand and Vietnam. With leverage, ARA has a potential $5bn to invest.
The UK fund of funds has backed funds from IDFC, Actis and Kotak.
The UK government-backed fund of funds has invested in funds from IDFC, Actis and Kotak.
Prudential’s property investment arm will charge ahead with its fundraising for the Southeast Asian nation, according to its Asia chief executive Alex Hambly.
The emerging market investor has kicked off its India real estate investing with a JV for a retail development in Bangalore.