Michelle Phillips
For its third property mandate in two months, the A$75 billion Australian superannuation is entering Australia’s residential market.
Through Shanghai-based RIC Capital Management, a handful of Chinese family offices are completing the second tranche of a senior housing development.
The Singapore-based fund manager is planning to partner with domestic retail partner Chongbang for the formation of an evergreen vehicle.
The venture, which is being run by the Zurich-based investment firm’s property team, is understood to be seeking accounts of between $500 million and $1.5 billion.
Less than a year after losing two senior Japanese investment professionals, Deutsche has hired a new head of Japan for property.
Commercial transactions volumes have rebounded from lows in Q1, with many investors deploying their capital in higher risk-return strategies.
The Shanghai-based firm is plotting to launch its first US-focused property fund by the beginning of next year for its Chinese investors.
The private equity firm and the bank have agreed to make a combined INR7.5 billion loan to Indian developer Wadhwa Group for one of its residential projects.
 And the New York private real estate giant is not done fundraising for the vehicle. Â
 The firm said the final closing of LaSalle Asia Opportunity Fund IV and the forming of two separate accounts has given it $3 billion of firepower for the region.  Â