Though still Communist, the country has seen free market reforms and now has two dedicated PERE funds.
As 2007 draws to a close, the end-of-year surveys reveal that despite gloomy predictions for the short-term future, investors in alternatives still view real estate as a safe bet for the medium-term.
Finnish private equity firm Capman has acquired the Stockmann department store and a shopping center from Niam and Goldman Sachs.
The $262m office deal is the latest in a string of private buys in the nation’s capital.
The two are among several foreign investors to have bought a total 15 percent stake in an Indian SPV floated by construction group Shapoorji Pallonji.
The real estate investment management firm is partnering with local developer Flagstone on a mixed-use property near Florida’s Miami Beach.
A mix of global investors from Goldman Sachs to the Abu Dhabi government fund has directed capital to the private real estate developer.
The largest US pension fund has approved an increase to the asset class, which will now be allocated 10 percent of CalPERS’ $250bn portfolio.
The Indian company says it hopes to reach a final closing on $750 million in the next three months.
In a deal arranged by Renaissance Capital, shopping mall developer Karavan Real Estate will become the first Ukrainian company to receive investment from Citi’s private equity funds.
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