By Madhurima Nandy
Global investors leading the pack include GIC Pte Ltd, Canada Pension Plan Investment Board and The Xander Group Inc.
Piramal Realty, led by Ajay Piramal’s son Anand, is backed by Warburg Pincus and Goldman Sachs Group Inc
This is the second time that HNA, which has spent tens of billions of dollars in acquisitions in recent years, protracted a debt arrangement.
The projects have a total gross floor area of 3.13 million square meters and saleable resources worth 40 billion yuan.
Far East Hospitality REIT is to acquire Oasia Hotel Downtown while SingHaiyi Group has purchased Park West condominium.
The project is the first major investment in Thailand by JR Kyushu.
The new fund, which includes approximately $230 million of capital from KKR’s balance sheet and employee commitments, is looking to aggressively invest in real estate by buying properties, raising rents, leasing vacant spaces or redeveloping existing properties.
The office tower was reportedly sold for RMB 1.2 billion ($184 million).
The JV will use the fund to acquire and renovate 8,000 to 10,000 Class B multi-family units in the U.S.
In Japan, where pets outnumber children, WeWork Cos. is adapting to the lay of the land.