DLA Piper advised on APG's Indian hotel investment

International law firm DLA Piper has announced it advised APG Asset Management on an investment in an Indian hotel group last May.

APG, manager of EUR 311 bn of Dutch pension funds - invested $130 mln (EUR 101 mln) in the Lemon Tree Hotel group, one of India's largest mid-market hotel developers and operators.

The move was part of the APG's strategy to grow its real estate portfolio in Asia.

The region accounts for about 20% of the pension group's property investments, with 43% in Europe and 37% in North America.

Patrick Kanters, head of real estate at APG, says in the October edition of PropertyEU Magazine that APG aims to raise its investment in Asia by EUR 1 bn - between 3% and 5% - over the next three years. 'We are looking at strong like-minded partners who can provide us access to the transformation that real estate is undergoing in all sectors in the region.'

The full interview appears in the October edition of PropertyEU Magazine. Click on the link below to subscribe.