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Dubai ready to launch $500 million property fund

Posted on 10 May 2013 by Laxman  |  Email |Print

A $500 million investment fund targeting distressed and stalled properties in Dubai should be operational by the end of the year, according to the fund’s chief executive.
Investment Corporation of Dubai (ICD), one of Dubai’s sovereign wealth funds, and Canada-based Brookfield Asset Management originally announced the formation of a $1 billion fund in 2011. The fund, described as the first of its kind to focus on Dubai, was promoted as a way to inject new liquidity into the market………………………………….Full Article: Source

UAE developer to launch $1-bln property project in India

Posted on 04 April 2013 by Laxman  |  Email |Print

Dubai-based private developer DAMAC Properties has said it is launching phase two of a USD 1 billion project of luxury hotel and serviced residences to Indian investors, following a sell-out event in Dubai.
‘DAMAC Towers by Paramount’, is being developed on platinum real estate in Dubai overlooking the world’s tallest tower Burj Khalifa. It comprises a 540 key Paramount Hotel & Residences and more than 1,000 units of DAMAC Maison - Paramount (Hollywood movie production company) co-branded serviced hotel residences……………………………………….Full Article: Source

A House-Price Index for the EU!

Posted on 01 February 2013 by Laxman  |  Email |Print

In Nov. 2008, just as the subprime-mortgage bust in the U.S. was driving the world financial system into meltdown, European Union finance ministers had an idea: Let’s add real-estate prices to the list of indicators we use to assess the economic situation in the euro zone.
Four years and two months later, Eurostat, the EU’s statistics agency, finally released its first EU-wide house-price index on Thursday. The headline result was somewhat underwhelming. Residential-property prices in the euro zone were down 2.5% in the third quarter compared with a year earlier. ……………………………………….Full Article: Source

Blackstone launching Asian real estate fund

Posted on 06 December 2012 by Laxman  |  Email |Print

Blackstone Group LP is starting a new real estate fund focused on Asia as it seizes on a “golden moment” to buy and sell in the property market, its president said on Wednesday.
Blackstone, founded by Stephen Schwarzman and Peter Peterson in 1985, is still best-known for its private equity business, yet is now the world’s largest private real estate firm with $53.5 billion of property assets under management………………………………………..Full Article: Source

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India: Jones Lang LaSalle to launch new real estate fund soon

Posted on 30 October 2012 by Laxman  |  Email |Print

Property consultancy firm Jones Lang LaSalle (JLL) India has set up a new entity JLL Segregated Funds Group to raise funds to invest in the Indian real estate market, and its first fund worth Rs 300 crore will be launched soon in the domestic market.
Capital market regulator Securities & Exchange Board of India ( Sebi) has approved the proposed fund, which will be a close-ended one with a six-year tenure………………………………………..Full Article: Source

Union starts $655 mln institutional German property fund

Posted on 19 October 2012 by Laxman  |  Email |Print

Union Investment GmbH, Germany’s second-largest property fund manager, started a 500 million-euro ($655 million) fund to buy offices, shops and hotels.
The UniInstitutional German Real Estate, aimed at institutional investors, will acquire properties valued at about 20 million euros to 50 million euros, the company said……………………………………….Full Article: Source

HDFC property fund plans to raise $500-mln real estate offshore fund by end-2012

Posted on 25 September 2012 by Laxman  |  Email |Print

The private equity arm of Housing Development Finance Corporation, HDFC Property Fund, plans to raise a $500-million real estate off shore fund by the end of 2012.
The company is in talks with sovereign funds, including Government of Singapore Investment Corporation (GIC) and Qatar Investment Authority, to raise the capital. It is also talking to Japanese and US investors, a person having direct knowledge of the fund raising said, requesting anonymity………………………………………..Full Article: Source

ASK Group to launch $200-mln realty fund

Posted on 13 September 2012 by Laxman  |  Email |Print

ASK Property Investment Advisors, the property fund arm of ASK Group, plans to launch a $200 million (Rs 1,100 crore) international real estate fund next month. The fund plans to do initial closure in March 2013 and final closure 12 months after that, said Sunil Rohokale, CEO and managing director, ASK Investment Holdings.
In launching such a fund, ASK joins half a dozen managers such as HDFC, IDFC, IL&FS, Indiareit, Kotak and Tata Realty & Infrastucture, which are planning to launch foreign realty funds………………………………………..Full Article: Source

Aberdeen launches German property fund

Posted on 06 September 2012 by Laxman  |  Email |Print

Aberdeen Asset Management has launched a German residential property fund in order to capitalise on increased investor demand and the growing strength of the rental market.
The ‘Städte und Wohnen’ fund, which will be managed by Daniel Dreyer, has been launched with initial seed capital of €115 million. Aberdeen said it had launched the fund in order to capitalise on the increased demand for indirect investment in German residential property from institutional investors……………………………………..Full Article: Source

Launch of a new global real estate fund index

Posted on 23 August 2012 by Laxman  |  Email |Print

The Asian and European Associations for Investors in Non-listed Real Estate (ANREV and INREV) and the National Council for Real Estate Fiduciaries (NCREIF) have agreed to co-operate to create a new Global Fund Index which will measure real estate investment performance of non-listed real estate vehicles on a global basis for the first time.
The new index will reflect a substantial investment universe and allow the non-listed real estate sector to be analysed and compared against other asset classes globally in addition to offering valuable new insights for investors and asset allocation. The combined Global Index will have a potential of around 670 funds with a total estimated Gross Asset Value of €519 billion………………………………………..Full Article: Source

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Ex-Morgan Stanley analyst forms firm to buy rental homes

Posted on 02 August 2012 by Laxman  |  Email |Print

Oliver ChangOliver Chang, the former head of housing strategy at Morgan Stanley, said his new company aims to spend as much as $1 billion in the next two years buying rental homes, targeting low-cost houses that need major renovations.
“We’re looking for homes that are undervalued and need repairs,” Chang, who left Morgan Stanley in May, said in a telephone interview. “There’s not as much competition to buy those houses, so the price is lower.”……………………………………….Full Article: Source

India: Red Fort Capital plans $500 mln real estate fund

Posted on 24 July 2012 by Laxman  |  Email |Print

Red Fort Capital Advisors Pvt., a real estate private equity fund that manages more than $1 billion of Indian assets, plans to raise $500 million next year to invest in homes and offices in Asia’s third-largest economy.
The company has invested about half of its $500 million Red Fort India Real Estate Fund II raised in January this year, Managing Director Subhash Bedi said……………………………………….Full Article: Source

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IPD launches European transaction-linked indices

Posted on 09 July 2012 by Laxman  |  Email |Print

Investment Property Databank (IPD) has launched transaction-linked indices (TLIs) for the main European markets in a move to better identify the volatility and inherent risk present in European real estate.
Over the last few years, IPD has developed these indices using a hybrid methodology of transaction information and valuation data………………………………………..Full Article: Source

BNP Paribas REIM SGR and Gallerie Commerciali Italia Spa set up a EUR700 mln reserved fund

Posted on 09 July 2012 by Laxman  |  Email |Print

BNP Paribas REIM SGR p.A. and Gallerie Commerciali Italia Spa (GCI), a company of the Auchan group, have sealed an agreement to set up the ‘Prime Shopping Value’ closed-end real estate fund under Italian law.
GCI will contribute 15 retail properties (13 shopping centers and two retail parks) to the fund, distributed throughout Italy and characterized by rent contracts with high-standing operators and retail chains. The operation, worth about €700 million, will be concluded once the Fund’s shares have been allocated to institutional investors………………………………………..Full Article: Source

IPD launches European transaction linked indices

Posted on 06 July 2012 by Laxman  |  Email |Print

IPD released its transaction linked indices for the main European markets, to identify better the volatility and inherent risk present in the European real estate.
Over the last few years, IPD has been developing these indices using a hybrid methodology of transaction information and valuation data………………………………………..Full Article: Source

IPD and PREA to launch US property fund index

Posted on 12 June 2012 by Laxman  |  Email |Print

The Pension Real Estate Association (PREA) and Investment Property Databank (IPD) have agreed to co-sponsor a US Property Fund Index that will measure real estate investment performance for open-ended, commingled funds.
The index will encompass the entire risk spectrum of core, value-add and opportunistic strategies, as well as both diversified and sector-specific funds………………………………………..Full Article: Source

BlackRock launches property securities investment platform

Posted on 11 June 2012 by Laxman  |  Email |Print

BlackRock has announced the launch of a global real estate securities investment platform and the appointment of industry veteran Mark Howard-Johnson as global head.
Howard-Johnson, who joins from Building & Land Technology, will lead the development of this business and the creation of a global team expected to include six additional investment professionals by year-end………………………………………..Full Article: Source

Thomson Reuters launches first highly-liquid, investable, real estate indices for ETF market

Posted on 15 May 2012 by Laxman  |  Email |Print

Thomson Reuters, the world’s leading supplier of intelligent information for businesses and professionals, and Global Property Research today announced the launch of the first highly-liquid, real estate indices.
Designed specifically to be tracked by ETFs looking to offer investors exposure to real estate markets globally, the TR/GPR indices provide a more investable and tradable solution than currently available elsewhere. (Press Release)

NBAD launches UAE real estate fund

Posted on 23 April 2012 by Laxman  |  Email |Print

National Bank of Abu Dhabi has launched a real estate fund in partnership with a Kuwaiti firm to seek investment opportunities in the UAE’s property sector, the lender said on Sunday.
NBAD, the UAE’s top bank by market capitalisation, has teamed up with Kuwaiti firm Gulf Investment Corp for the venture, which it plans to convert to a real estate investment trust (REIT) in the future………………………………………..Full Article: Source

Europe: Goldman Sachs eyes $3 bln property debt fund

Posted on 03 April 2012 by Laxman  |  Email |Print

A private equity arm of Goldman Sachs is looking to launch a $3 billion (1.87 billion pounds) property debt fund in a bid to take advantage of a growing shortage of real estate financing across the UK and Europe, British newspaper the Times said on Monday.
Real Estate Principal Investment Area (REPIA) is exploring options to create a fund that would provide senior and mezzanine loans to property investors, and will target property lending that is riskier but which would offer higher potential returns, the Times said without citing sources………………………………………..Full Article: Source

IPD launches European benchmark for cross-border property funds

Posted on 21 March 2012 by Laxman  |  Email |Print

IPD has launched a new benchmark for pan-European funds it claims will boost investor confidence by making explicit differences in fund and asset-level performance.
The 16-fund index comprises open-ended funds with 490 assets under management totalling €11.2bn………………………………………..Full Article: Source

IPDs new initiative aims to support measurement of sustainable property investment

Posted on 01 March 2012 by Laxman  |  Email |Print

IPD launched a set of questions which is an industry-backed initiative aimed to support the measurement of sustainable property investment. The answers to the questions will provide the industry with a new & improved index of sustainable properties (ISPI - IPD Sustainable Property Index version 2.0) and a benchmarking service (EcoPAS).
Alongside the usual considerations of “quality”, covenant strength, and lease length, the sustainability characteristics of properties are now beginning to impact asset value and investment performance………………………………………..Full Article: Source

Australia gets daily housing price data as compilers plan tradable index

Posted on 01 March 2012 by Laxman  |  Email |Print

Investors may soon be able to wager on Australia’s A$4 trillion ($4.3 trillion) housing market without having to buy or sell homes as RP Data (RPAUMED) and Rismark International start a daily property price index and discuss ways to make it tradable with the nation’s exchange operator.
The two companies have begun computing their home value index daily, with data that takes the entire housing stock into account, RP Data, a unit of Santa Ana, California-based real estate information company CoreLogic Inc. (CLGX), said……………………………………….Full Article: Source

Pramerica sets up S$3 bln open-end Asia real estate fund

Posted on 12 October 2011 by Laxman  |  Email |Print

Pramerica Real Estate Investors, part of U.S.-based Prudential Financial Inc, has set up a S$3 billion ($2.35 billion) open-end property fund by combining three existing funds that own malls in Singapore and Malaysia, the firm said on Tuesday.
The Singapore-dollar denominated Pramerica AsiaRetail Fund currently has 11 suburban properties with a net leasable area of more than 3 million square feet. It is the firm’s first open-end fund in Asia……………………………………….Full Article: Source

India’s HDFC said to raise $600 mln for property fund

Posted on 06 October 2011 by Laxman  |  Email |Print

Housing Development Finance Corp. (HDFC), India’s largest mortgage lender, plans to raise its fourth property fund from overseas investors, said two people with direct knowledge of the matter.
Housing Development will seek to raise $600 million for residential and commercial projects in India’s largest cities, starting with an investor roadshow in Singapore from November, said one of the people, declining to be identified before a public announcement. Mahesh Shah, a Mumbai-based spokesman for HDFC, declined to comment……………………………………….Full Article: Source

MGPA plans to launch Asian Real Estate special fund for German investors

Posted on 03 October 2011 by Laxman  |  Email |Print

The independent private equity real estate advisor MGPA, which has won several awards in recent years for its Asian real estate activities, intends to launch a core plus special fund under German investment law, aimed at making investments in the Asian region.
The focus will be on established markets such as Hong Kong, Singapore, Malaysia, South Korea, Japan and Taiwan. MGPA has operated in Asia since 1999 and has a substantial organizational structure in the region, with six offices and over 150 employees……………………………………….Full Article: Source

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Dubai real estate rescue fund

Posted on 21 September 2011 by Laxman  |  Email |Print

The Real Estate Development plan, or Tanmia, launched today by the Dubai Land Department, will cover 100 projects in 2012, and will span the next three to four years, a senior official said.
“One project already has approval under the initiative and two more will be signed this week,” Sultan bin Butti bin Mejren, Director General of the Land Department, said……………………………………….Full Article: Source

UBS to launch EUR 1bln European core fund

Posted on 19 September 2011 by Laxman  |  Email |Print

UBS Global Asset Management is about to announce the launch of a EUR 1 bn special real estate fund targeting core properties across Europe, an UBS spokesperson confirmed to PropertyEU on Thursday.
The vehicle, called UBS (D) European Mega Core Property Fund, has already made its first investment with the purchase of the Isar­tor City redevelopment project on Munich’s Isartorplatz old town square……………………………………….Full Article: Source

Savills launches new World Class Cities Index

Posted on 09 August 2011 by Laxman  |  Email |Print

There are ten world cities in a class of their own when it comes to residential real estate says Savills. The new ‘World Class Index’ of premier global residential property locations was published today by the international real estate adviser. Average values across the index have risen by 77% since December 2005, despite the intervening financial crisis.
Growth of 6% was seen in the first six months of 2011 but, says Savills Research, the index average hides a big difference between emerging ’new world’ economies and the indebted ‘old world’……………………………………….Full Article: Source

Aberdeen hopes to raise $300-$400 mln for new Asia property fund

Posted on 13 July 2011 by Laxman  |  Email |Print

Aberdeen Asset Management Asia has launched a property fund of funds aimed at institutional investors seeking to gain exposure to real estate in the Asia-Pacific region that could raise up to $400 million.
Aberdeen , best known in Asia for its equity funds, has been building up its offerings in other asset classes. It launched two bond funds that will invest in Asian and emerging market debt in April, and set up a $400 million joint venture with GE Capital Real Estate in May that will invest in residential property in Tokyo……………………………………….Full Article: Source

Germany: ECE launches EUR 740mln shopping centre fund

Posted on 08 July 2011 by Laxman  |  Email |Print

German shopping centre specialist ECE has launched its first pan-European real estate fund focussing on the acquisition of existing shopping centres in Europe with value-creation potential.
The ECE European Prime Shopping Center Fund will be managed by a newly established fund management company called ECE Real Estate Partners which has raised equity of more than EUR 740 mln to date……………………………………….Full Article: Source

ASR REIM launches 1.1 bln eur property fund

Posted on 01 July 2011 by Laxman  |  Email |Print

ASR Real Estate Investment Management (ASR REIM) plans to raise 300 million euros ($426 million) this year for a new fund with exposure to 1.1 billion euros in Dutch prime retail property, giving investors access to high streets where space is scarce.
ASR REIM, a unit of Dutch insurer ASR Netherlands , said the ASR Dutch Prime Retail Fund is seeded with a core portfolio of 210 Dutch prime properties as well as another 280 million euros in investment opportunities……………………………………….Full Article: Source

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Aviva launches global real estate fund of funds

Posted on 01 June 2011 by Laxman  |  Email |Print

Aviva Investors has launched a global real estate fund of funds to help UK local authority pension schemes access unlisted property and still comply with LGPS regulations.
Aviva Investor’s Global Real Estate Fund of Funds will invest in principal and mature markets in mainland Europe, North America and Asia Pacific and has been structured to give LGPS funds exposure to unlisted property which complies with regulations limiting LGPS investments………………………………………Full Article: Source

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Mapletree to launch $500mln-$1 bln China property fund next 2 yrs

Posted on 26 May 2011 by Laxman  |  Email |Print

Singapore’s Mapletree Investments plans to set up a China-focused fund that will have $500 million to $1 billion to invest in Chinese commercial property once it deploys most of the money in its existing funds, a senior executive said on Wednesday.
The fund, which will be backed by internal funds and money raised from outside investors, will likely be launched in 2012 or 2013, Group Chief Investment Officer Chua Tiow Chye told reporters at a press conference……………………………………….Full Article: Source

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Mapletree to launch three new property funds in China, Vietnam, Japan

Posted on 26 May 2011 by Laxman  |  Email |Print

Real estate firm Mapletree Investments said it plans to launch three property funds worth US$2 billion over the next few years. The funds will invest in commercial and mixed-use properties in China, Vietnam and Japan.
Mapletree, the real estate arm of Temasek Holdings, also announced a 90 per cent increase in its profit after tax to S$747 million for the full year ended March 31, driven by higher rental contributions from its assets……………………………………….Full Article: Source

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CBRE Investors to launch UK property fund

Posted on 10 May 2011 by Laxman  |  Email |Print

The real estate investment manager CBRE Investors will launch a specialist UK property fund next week, targeting investments from defined contributed (DC) pension schemes.
CBRE is seeking to raise more than £1bn (€1.2bn) in total for this new open-ended fund, which will be the first one to be run by an investment manager focused mainly on real estate……………………………………….Full Article: Source

India: PE Analytics plans to launch real estate price index

Posted on 09 May 2011 by Laxman  |  Email |Print

New Delhi-based research firm PE Analytics has drawn up plans to launch a real estate price index in partnership with a leading commodity exchange.
P E Analytics owns and operates PropEquity, an online subscription-based real estate data and analytics portal covering over 27,000 projects of 5,100 developers across 40 cities in India. The data and analytics enable clients to spot market trends and maximise risk-adjusted returns……………………………………….Full Article: Source

Brazil property investment fund launched

Posted on 27 April 2011 by Laxman  |  Email |Print

A property investment fund for real estate in Brazil that allows investors to take advantage of the boom in building and home owning has been launched.
‘At the end of 2010, more than 9.1 million Brazilian families announced their intention to purchase a new home within the next year. Brazil cannot keep up with this demand and has a current deficit of six to seven million homes that experts say will take ten to 15 years to meet. uv10’s Property Fund takes advantage of this deficit and provides experienced, asset rich developers with the finance they need in exchange for massive returns,’ said Samantha Gore, sales manager at uv10……………………………………….Full Article: Source

Property futures exchange coming to CBOE

Posted on 20 April 2011 by Laxman  |  Email |Print

The Chicago Board Options Exchange is going to offer a property-linked futures exchange, using Radar Logic real estate indexes, the two firms announced Tuesday. Daily house prices across the top 25 metropolitan statistical areas are already available on the Radar Logic Residential Property Index.
CBOE will now list tradable residential property futures and options contracts based on those RPX values……………………………………….Full Article: Source

Turkish asset management firm to launch property funds

Posted on 31 March 2011 by Laxman  |  Email |Print

Ak Asset Management, a subsidiary of local lender Akbank, is preparing to launch four new capital protected property funds linked to food, gold and oil index prices for investors next month.

“The capital protected property funds has started to gain a larger share in the portion of the Turkey’s total asset management,” said Dr. Alp Keler, the general manager Ak Asset, during a Tuesday meeting in Istanbul. The share of the protected funds has increased sevenfold in the last two years and now covers some 10 percent of all funds offered by Ak Asset, he said………………………………………Full Article: Source

JLL takes plunge into derivatives

Posted on 16 March 2011 by Laxman  |  Email |Print

From Zacks.com: LaSalle Investment Management Inc., the property-fund unit of Jones Lang LaSalle Incorporated — a leading real estate investment trust (REIT), has recently decided to launch a property derivative business in a concerted effort to revitalize the beleaguered sector.
The company will partner with BGC Partners, Inc. (BGCP - Snapshot Report), one of the world’s leading inter-dealer brokers, to set up the business for its clients for the first time………………………………………..Full Article: Source

LaSalle announces creation of property derivatives platform

Posted on 15 March 2011 by Laxman  |  Email |Print

From Europe-re.com: LaSalle Investment Management, the leading global real estate investment manager, has partnered with BGC Partners, a leading global intermediary to the wholesale financial markets, to establish a property derivatives capability for clients.
Together with BGC, LaSalle will embed the end-to-end systems and processes to empower LaSalle’s fund managers to identify value and then execute and monitor trades. LaSalle see clear long-term benefits to clients by facilitating access to property derivatives and want to be ready to take advantage of opportunities as they arise……………………………………….Full Article: Source

China Overseas Land’s Kong plans $500 mln real-estate fund

Posted on 07 March 2011 by Laxman  |  Email |Print

From Bloomberg: China Overseas Land & Investment Ltd., the Hong Kong-listed developer controlled by the nation’s construction ministry, plans to set up a real-estate fund of $300 million to $500 million as it bets that government measures won’t curb property demand.
The fund, which will invest in commercial and residential properties in China, may be ready in the first half, Chairman Kong Qingping said in an interview in Beijing……………………………………….Full Article: Source

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ATP launches EUR 700mln real estate fund

Posted on 09 February 2011 by Laxman  |  Email |Print

From Propertyeu.info: Copenhagen-based ATP Real Estate said it is looking to deploy EUR 700 mln in fresh real estate acquisitions on the European continent, including Central and Eastern Europe as well as the US after having finalised investments for its first fund.
ATP Real Estate Partners II K/S (ATP REP II) can commit up to EUR 700 mln to private equity real estate funds, joint ventures and club-type investment structures, the company said……………………………………….Full Article: Source

Tokyu Land to start $1.8 bln Japan property fund next year

Posted on 27 January 2011 by Laxman  |  Email |Print

From Bloomberg: Tokyu Land Corp., Japan’s fourth- largest developer, will start a 150 billion yen ($1.8 billion) real estate investment trust next year as the Bank of Japan’s asset-buying program helps the nation’s property market recover.
Tokyu Land plans to start the REIT that will invest in offices and commercial buildings across the country in the first half of next year, said Hideyuki Takada, a managing director at the company………………………………………Full Article: Source

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Pramerica real estate to launch China, Brazil funds

Posted on 26 January 2011 by Laxman  |  Email |Print

From Reuters: Pramerica Real Estate Investors is targeting commercial property in the emerging markets of China and Brazil with two new ventures, seeking to capitalise on the positive economic growth generated by those countries.
Chief Executive Allen Smith said on Tuesday that this year Pramerica, a unit of U.S.-based Prudential Financial, plans to launch a China fund to develop prime retail assets in top-tier cities, and structure a private placement focused on development of industrial logistics property in Brazil……………………………………….Full Article: Source

Trump to enter Indian property market with Mumbai luxury tower

Posted on 18 January 2011 by Laxman  |  Email |Print

From Bloomberg: U.S. billionaire real-estate developer Donald Trump is entering the Indian property market with a luxury residential tower in Mumbai, more than two years after announcing plans to expand in the south Asian nation.
Trump, who has joined with Mumbai developer Rohan Lifescapes Pvt. for his first venture in the country, expects to start marketing the project by March, said Donald Trump Jr., Trump’s son and executive vice president at the Trump Organization LLC……………………………………….Full Article: Source

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Cornerstone launches Nordic Social Infrastructure Property Fund

Posted on 11 January 2011 by Laxman  |  Email |Print

From Propertyeu.info: Cornerstone Real Estate Advisers Europe (Cornerstone Europe) has announced it is beginning capital raising for its Nordic Social Infrastructure Property Fund (NSIPF), a new core fund tit is planning to launch to invest in public real estate assets let on long term inflation-linked leases to government or quasi-government tenants.
This is the group’s first capital raising for a new European core fund since Cornerstone Real Estate Advisers acquired Protego Real Estate Investors in January 2010……………………………………….Full Article: Source

Ex-Citi property banker to raise $350 mln for India fund

Posted on 01 December 2010 by Laxman  |  Email |Print

From Bloomberg: Ravi Hansoty, the former head of the Asia-Pacific region at Citi Property Investors, plans to raise as much as $350 million by the end of next year for an India property fund.
The fund aims to buy land to build apartments and hotels in India as early as June, said Hansoty, who left Citigroup Inc.’s real estate asset management unit in November. Hansoty said he will set up his company in Mumbai and may relocate from Hong Kong after he stops accepting new money from investors……………………………………….Full Article: Source

Indiareit plans two new funds

Posted on 10 November 2010 by Laxman  |  Email |Print

From Livemint.com: Indiareit Fund Advisors Pvt. Ltd, the real estate fund promoted by Piramal group chairman Ajay Piramal plans to raise around Rs.1,350 crore in a debt fund and a rental yield fund early next year.
The debt fund will lend to property developers and the rental yield fund will invest in information technology parks and commercial offices in Mumbai, Bangalore, Pune, Chennai, Hyderabad and New Delhi, Indiareit’s managing director and chief executive officer Ramesh Jogani said……………………………………….Full Article: Source

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