Managers

London-based Internos Global Investors has held a second close for its Hotel Real Estate Fund I, with the equity coming from an all-German cast of investors and zero co-investment from the general partner.

Not everyone is excited about the SEC lifting the ban on general solicitation. But despite some hurdles, it could be a boon to the industry in the long run.

Temasek-owned real estate company Mapletree Investments has held a first close on its Mapletree China Opportunity Fund II on more than $1.1 billion of commitments, making it likely to become the largest China real estate opportunity fund ever raised.

The Toronto-based pension plan and Sydney-based logistics developer have increased their allocation to their China joint venture by $500 million altogether, bringing its total equity to $1.5 billion.

The reform will allow private fund managers to advertise fundraising efforts under the condition they disclose more data to the commission.

Cheer for managers of private real estate funds as Korean investors responsible for $500 billion of assets indicate in an ANREV-led survey they will increasingly seek investments in overseas closed-ended funds and investment clubs at the expense of joint ventures.

The real estate investment arm of Singapore developer Keppel Land has closed its second Macro Trends fund on $1.65 billion, equal to the largest capital raising for private real estate investments in Asia since the start of the global financial crisis.

The London-based private equity firm that last week shelved plans for a €1.1 billion initial public offering of its German residential property company, Deutsche Annington Immobilien, amid ‘adverse market conditions’, has announced it is coming back for a second tilt.

The Sydney-based firm’s open-ended logistics real estate fund has attracted €550 million in fresh equity from institutional investors although it stated it there was €900 million trying to get in. Together with a bond issued in March, the fund now has more than €800 million in firepower.

Stockholm-based private equity real estate firm Andersson Real Estate Investment Management has earned fresh commitments from two more LPs to take its final capital tally for AREIM Fund II to €324 million at the final close.