Private equity major Everstone Group-backed industrial real estate and logistics parks developer IndoSpace is looking to deploy over $1 billion to acquire new warehousing and logistics assets across India over the next...
Global funds eye Blackstone’s 50% in Panchshil and Salarpuria assets
Sovereign wealth funds including Singapore’s GIC and Abu Dhabi Investment Authority (ADIA) along with two Canada-based pension funds are in talks to acquire Blackstone Group’s 50% stake in two separate...
K Raheja Corp plans to consolidate residential business, NCLT okays demerger
Realty developer K Raheja Corp is planning to consolidate its residential real estate portfolio to improve focus on housing and increase the scale of the business. The group also expects to attract strategic and...
KKR InvIT acquires Macquarie’s 4 road assets for ₹3,000 cr
Highways Infrastructure Trust, an infrastructure investment trust (InvIT) owned by KKR, has acquired four road assets from Macquarie India in a deal worth ₹3,000 crore. Earlier, Adani Road Transport had agreed to...
Brookfield, Alta Capital, Keppel in talks to buy Goldman’s Good Host Spaces stake
Global alternative investment major Goldman Sachs has shortlisted Brookfield Asset Management, Alta Capital, and Singapore’s Keppel Corp to sell its stake in India’s largest student housing platform Good Host Spaces...
NCLT admits insolvency plea against Neptune Ventures
The National Company Law Tribunal has admitted a petition filed by Edelweiss Asset Reconstruction Company to initiate a corporate insolvency resolution process (CIRP) against real estate company Neptune Ventures &...
NCLT adjourns claim pleas against Punj Lloyd
The National Company Law Tribunal (NCLT) adjourned the petitions filed by the Airports Authority of India and Gail India Limited against Punj Lloyd to August 23. Airports Authority of India said that the liquidator had...
Swedish property company SBB to sell remaining 51% of education unit
Swedish real estate company SBB said it has entered discussions to sell the company’s remaining 51% of EduCo, the education subsidiary of SBB, after having recently received interest from Brookfield Asset...
NCLT approves Ace Infracity resolution plan for 3C Homes
The NCLT has approved the resolution plan by Ace Infracity Developers for the debt-ridden 3C Homes. The NCLT bench observed the resolution plan submitted by Ace Infracity Developers has been approved by the Committee of...
KKR unit plans to buy road assets from PNC for $1 billion
KKR’s roads platform Highways Infrastructure Trust is in talks to acquire a portfolio of 12 road projects from Agra-based construction firm PNC Infratech for an enterprise value of about ₹9,000 crore (about $1.1...
GIC in talks to acquire warehousing assets from ESR for $400 million
Singapore’s sovereign wealth fund GIC is in talks with warehousing developer ESR group to pick up a 10 million square feet portfolio of warehousing space for an enterprise valuation of around $400 million...
Embassy Group plans to sell assets to cut debt by a third: Group chairman Jitu Virwani
Bengaluru-based real estate developer Embassy Group plans to sell some assets to bring down its total debt by one-third over the next two quarters, group chairman Jitu Virwani said, rejecting reports that put the...
