The tenth largest pension fund in the US has reported a 5.6% fall in returns for real estate in 2008, but the sector still outperformed other asset classes.
1 min read · 05 January 2013
The $200bn Chinese sovereign wealth fund is poised to buy a 40% stake in Chinese private equity and real estate firm, CITIC Capital, in its first domestic investment in a fund management platform. The Beijing-based fund purchased a stake in The Blackstone Group last year.
2 min read · 05 January 2013
Pacific Alliance Group is to purchase $46 million in convertible bonds from Secured Capital Japan, as well as forming a strategic alliance with the Tokyo-based investment manager to purchase assets and distressed debt in Japan and China.
1 min read · 05 January 2013
One month after China’s government lifted a moratorium on mainland initial public offerings, state-controlled China State Construction and Engineering Corporation is preparing a flotation worth $5.9 billion.
1 min read · 05 January 2013
Prax is set to take advantage of a projected population boom in Xi’an, the capital of China’s Shaanxi province, by investing almost $30m in a residential development in the city. The population of Xi’an is due to grow to 5.3m by 2020 – up from 3.1m in 2007.
1 min read · 05 January 2013
FountainVest Partners, the private equity firm led by former Temasek Greater China head Frank Tang, is to invest $100m in convertible bonds and warrants issued by Henan province-focused developer Central China Real Estate.
1 min read · 05 January 2013
UK home improvement firm, Focus DIY, is to offer its landlords incentives so its lenders agree to extend the term of its debt facility.
1 min read · 05 January 2013
Focus DIY is set to halve £12m in potential property costs in a deal illustrating landlords' desire to circumvent vacancies.
2 min read · 05 January 2013
As well as selling the management of its Asian Real Estate Opportunity Fund, the bank is also offering for sale the management of all the remaining assets in the region on its balance sheet.
2 min read · 05 January 2013
The firm has hired former Pequot Capital chief investment strategist Byron Wien as it looks to macroeconomic analysis to help spend its $29bn in dry powder.
2 min read · 05 January 2013
