The firm’s $360m India-focused fund has made its largest investment so far in an IT park in Navi Mumbai.
The global buyout group has done its first deal in China taking a non-control stake in Galaxy, a Macau casino operator, to fund an ambitious programme of property development and expansion.
New York-based private equity real estate firm Apollo has hired Cindy Wenig as general counsel to advise on its transactions in the US and abroad.
The $1bn private equity fund will take advantage of surging demand for hotels in the major business and leisure districts of Asia by teaming with Carlson, the owner of several hotel brands including Radisson.
The European property fund manager’s new fund will focus on non-traditional areas of the market for a target return of 20 percent per annum.
INREV says the termination of ’first generation funds’ will release €49.5bn of real estate into the market in 2009 and 2010.
Joining a growing number of firms setting their sights on the healthcare sector, LaSalle has reportedly purchased nine medical office buildings in New York state.
Betting on continued growth in the German office market, ING Real Estate has snapped up three office properties in the country.
Lawrence Sperling has left Credit Suisse to head up Mercury’s efforts in the Asian real estate market.
In its second personnel addition in two weeks, the private equity real estate firm has hired Edward Bates, formerly of Orion Capital Managers.
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