By Ka Kay Lum
Shanghai-listed Vantone will sell 205 million A shares to GLP Capital Investment 4 (HK), a subsidiary of GLP, for 822 million yuan ($122.2 million).
ESR has so far acquired 74.78 per cent of PropertyLink as Centuria Capital Group has accepted the offer in respect of its 19.51 per cent interest.
Greystar has partnered APG Asset Management, Bouwinvest Real Estate Investors and MIRA Real Estate for the fund that targets rental housing projects in top-tier Chinese markets.
PGIM Real Estate is the largest non-listed retail mall fund in Singapore.
Orion manages approximately $900 million of direct real estate investments in Asia.
The $132.3-billion WSIB will commit $250 million to Hong Kong-based real estate investment manager Crane Capital.
The buyer, Alpha Investment Partners, operates as the private equity real estate fund management unit of state-run Keppel Group.
PE firms are now swooping in to buy assets at attractive valuations, as regulatory changes and a more dovish monetary policy outlook bode well for the sector.
The value of the deal was not disclosed but Japanese financial research provider DZH Financial Research said it is close to $162.2 million.
Blackstone is making the investment through its Core+ real estate investment unit, which targets substantially stabilised office, logistics, residential and retail assets.