Christie Ou
Christie Ou is the Asia-Pacific reporter for PERE covering the private equity real estate markets in the region. Prior to joining PERE, she covered Asia’s business market for Bloomberg Business Week Chinese and the credit market for UK-based Private Debt Investor. She is a native speaker of Cantonese and Mandarin, with solid command of writing and speaking
in English. Christie holds her bachelor degree at London School of Economics and a master degree in journalism at the University of Hong Kong.
The firm plans to introduce its first real estate debt offering after rebranding its property business this month.
With the multifamily sector still in its infancy in Australia, the Melbourne based manager is seeking A$1bn to lend to first mover developers.
ASK Property Investment Advisors, the private equity arm of Indian financial group ASK, has launched a INR2 billion special situations fund in the residential real estate market.
Asia-based alternative investment firm Pacific Alliance Group (PAG) has partnered with South Korean brokerage company Meritz Securities to launch a 200 billion won (€163 million; $180 million) private debt fund to provide senior loans backed by properties in South Korea.
At MIPIM Japan 2016, Asian investors came together to discuss the geographic direction of investment. They predicted a continued increase in outbound investment from Asia Pacific and also a shift to cross-border investment within the region despite slowing transaction volumes in the face of an aggressive real estate pricing environment.
“We made an investment just a few months ago before Brexit happened. I was pretty nervous. No one knows what Brexit means; there is no detailed agenda and a lot of uncertainties. But when we were underwriting the risks, we still believed London will remain a metropolitan and important city. The fundamentals will not change overnight,” said Stanley Ching, head of Real Estate Group at CITIC Capital Holdings.
State Bank of India (SBI) has signed a Memorandum of Understanding with Brookfield Asset Management, Canada’s largest alternative asset manager, to invest in stressed assets in India.
IDFC Alternatives, an Indian alternative investment manager, is approaching the second and final close of its IDFC Score Fund within two months, according to a senior executive from the firm.
Deutsche Bank has elevated Werner Steinmueller as the bank’s chief executive officer (CEO) of Asia Pacific and as a member of the management board. It has also appointed John Gibbons as his successor as head of global transaction banking.
Indiabulls Alternative Investments is set to launch a Rs1000 ($150 million) realty fund from non-resident Indian (NRI) investors.