Brookfield Property Partners (BPY.O) is in talks to acquire a stake in a Manhattan office tower majority-owned by a company that was previously run by Jared Kushner, son-in-law of U.S. President Donald Trump, a source...
Indiabulls PE to buy 1msqft to lease out to tech firms
IndiabullsNSE -0.21 % Private Equity would buy one million square feet in a Hyderabad IT park property for onward leasing to technology companies, marking one of the biggest pure-play investment purchases in commercial...
Home buyers divided on promoter takeover bid for bankrupt Jaypee Infratech
A clear divide between home buyers of realty firm Jaypee InfratechNSE -4.31 % has surfaced over the takeover bid made by the erstwhile promoters of the bankruptcy-hit firm. While two associations of home buyers wanted...
Jaypee moves SC seeking approval of its resolution plan
Realty firm Jaiprakash Associates Limited (JAL), which is also facing bankruptcy proceedings in a company law tribunal, today moved the Supreme Court seeking approval of its resolution plan for revival. The top court...
Jaypee Infratech lenders reject Rs 7,350 crore bid by Lakshwadeep
Lenders of bankrupt Jaypee InfratechNSE -4.92 % today rejected a Rs 7,350 crore bid by Lakshadweep, the highest bidder for the company, as they found it inadequate, multiple sources privy to the discussions said. A...
Dutch fund-backed company acquires stake in north Delhi Metro mall
Virtuous Retail, backed by Dutch pension fund manager APG Asset Management, has purchased an ownership stake in North Delhi Metro Mall that will develop a premium retail facility in the heart of the national capital. In...
Australian investment firm Ellerston acquires 5.1 percent stake in New Zealand’s Fletcher Building
Australian investment management firm Ellerston Capital has acquired a 5.1 percent stake in New Zealand’s largest construction firm Fletcher Building Ltd (FBU.NZ), the builder said in a release to the stock exchange on...
Odebrecht agrees to sell Sao Paulo towers to HSI: source
Brazilian conglomerate Odebrecht SA has reached an agreement in principle with real estate investment firm Hemisferio Sul Investimentos SA (HSI) to sell a project in São Paulo, a person with direct knowledge of the...
ATON raises stake in South Africa’s Murray & Roberts in takeover attempt
German investor ATON said on Thursday it had raised its stake in South Africa’s Murray & Roberts (MURJ.J) to 33.1 percent as it seeks to takeover the engineering and construction firm despite management opposition...
Indiabulls in talks with private equity majors to sell Chennai asset for Rs 1,200 crore
Realty developer Indiabulls Real EstateBSE 0.29 % is in advanced talks with global private equity (PE) majors including Blackstone Group, Brookfield Asset Management and Xander Group to sell its Chennai commercial asset...
China’s Fosun eyes stake in Ahuja Constructions
Chinese investment conglomerate Fosun Group is looking to acquire a strategic minority stake in realty developer Ahuja Constructions for around ?350 crore, said two persons familiar with the development. Fosun, which...
Indiabulls to buy out Fallaron Capital in its Singapore trust for $250 million
Indiabulls Real Estate is set to buy out the stake held by the American private investor Farallon Capital in its Singapore-listed Indiabulls Properties Investment Trust (IPIT) for about $250 million as part of a...
