Citigroup Property Investors Closes on $1.3B Asia Pacific Fund

February 22, 2007	(Be the first to rate this story!)  Loading ...
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Citigroup Property Investors closed its CPI Capital partners Asia Pacific LP. Fund for $1.29 billion. The fund has invested in real estate sector throughout the Asia Pacific Region, with the main focus on Greater China and India.

The craze for parking in real estate is becoming high, which is clearly underlined by the decision of Citigroup, a major American financial services company based in New York City and its Hong Kong based investment team to put in $200 million to the fund. They have also invested in Shanghai and Macau, China; Hong Kong; and Delhi, Pune, Bangalore, and Chennai. There are 19 prospective investors sharing the balance of the investment, including Smith Barney.

Citigroup is also planning to raise $3.5 billion for another fund to make investments in firms in upcoming markets, including India, China, Estonia, and Chile, as reports Bloomberg and media outlets.

Citigroup Property holds assets over $9.8 billion under management in both public and private markets in North America, Europe, and Asia. The group primarily focuses on the office, industry, multifamily, hospitality and retail sectors.

News Published Under:   Real Estate India |

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