Dave Keating

After the Investment Corporation of Dubai dropped out of the bidding for Land Securities’ $2.8bn outsourcing arm Trillium, the Qatar Investment Authority has reportedly emerged as a prospective bidder.

The Mumbai-based firm, a partnership between Apollo Real Estate Advisors and the SUN Group, will acquire a stake of around 40 percent in a special purpose vehicle for $70m.

The Bahrain investment bank’s new fund will aid in the development of the first integrated logistics project in Navi Mumbai.

Alpha Investment Partners, a private equity unit of the Singapore-based developer, will invest in real estate across Singapore, Japan, Taiwan, South Korea and Hong Kong.

The Asia-focused private equity firm has partnered with a Mainland China developer part-owned by Sam Zell’s Equity International to build a residential development in Huzhou.

Raffles City China, which will be the largest private equity vehicle managed by CapitaLand, will develop Raffles City-branded developments in key gateway cities in the country. A second close in December could increase fund commitments to $1.3bn.

The Somerfield supermarket chain, which was acquired by a consortium led by Apax Partners and Barclays Capital in 2005, has been sold to the Co-operative on a cash-free, debt-free basis.

The LA-based real estate firm has made three senior appointments for its global multi-manager business, two in London and one in Boston.

Two of the firm’s funds have entered into a sale-leaseback agreement to buy the properties for €37m. The deal highlights the continuing interest from US investors in the German real estate market.

Richard Price, who has been with ING Real Estate since 1996, has been picked to lead the firm’s Hong Kong office, replacing Robert Lie who left in April to join Redevco Asia. It follows a raft of personnel changes for ING in Asia, including the appointment of former PGGM executive Dick Popken.