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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.
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.
The firm has joined with Chinese real estate firm Agile Property, investing $772m in their development on Hainan island.
SHUAA Partners has raised $165m to invest in hotels, resorts and serviced apartments in the Middle East and North Africa. The firm plans to invest in the development of five- and four-star hotels, resorts, budget business hotels and serviced apartments.
The UK government-backed emerging markets fund of funds has invested in Africa Capital Alliance, one of six private equity funds to receive $150m from the firm.
The ratings agency has highlighted the need for strong management that can manage liquidity in a new report.