Indian real estate-to-dairy conglomerate Godrej Industries is eyeing acquisitions in the consumer goods and animal feed sectors despite the high valuations of young companies, the group chair has said. Dealmaking in...
Lai Sun Development sells stake in Hong Kong office tower to JD.com for $450 mln
Cash-strapped Hong Kong developer Lai Sun Development has agreed to sell its 50% interest in an office tower in the city’s central financial district to e-commerce giant JD.com for HK$3.5 billion ($450 million). The...
CBRE buys Pearce Services for $1.2 bln to grow infrastructure portfolio
Real estate services firm CBRE Group Inc said on Tuesday it has acquired infrastructure maintenance firm Pearce Services from New Mountain Capital for about $1.2 billion in cash, with a potential earn-out of up to $115...
Real Estate Firm GTC In Talks to Sell Part of German Portfolio
Polish real estate developer Globe Trade Centre SA is in talks to sell part of a German residential portfolio it bought less than a year ago. GTC plans to sell around 45% of the portfolio acquired from Peach Property, a...
Real estate brokerage Compass to buy rival Anywhere in $4.2 billion deal
Compass, the largest U.S. residential real estate broker, is set to buy Anywhere Real Estate in a deal valued at $4.2 billion, as it looks to strengthen its portfolio amid rising competition in the stagnating housing...
Thyssenkrupp gets non-binding bid for steel unit from Jindal Steel International
Thyssenkrupp has received a non-binding bid for its steel unit from a division of Indian conglomerate Naveen Jindal Group, the German company said on Tuesday, the latest twist in the group’s years-long effort to...
Supreme Court of India calls speculative investors ‘slow poison’ for real estate, seeks safeguards for homebuyers | Hindustan Times
In a landmark ruling with wide-ranging implications for the real estate sector, the Supreme Court of India has drawn a clear distinction between speculative investors, whom it described as ‘slow poison’, and genuine...
Permira, Blackstone take $525 million minority stake in Dubai’s Property Finder
Permira and Blackstone Inc are acquiring a $525 million minority stake in Dubai-based classifieds firm Property Finder, according to a joint statement on Tuesday, in a sign of continued investor appetite in the...
Thai billionaire’s Frasers offers $1.1 billion deal in second attempt to take REIT private
Thai business magnate Charoen Sirivadhanabhakdi’s Frasers Property has made a second attempt to take over its hospitality real estate investment trust (REIT) at a valuation of S$1.37 billion ($1.1 billion). The...
CoStar to buy Australia’s Domain in $1.9 billion deal, eyes REA’s market dominance
U.S. real estate firm CoStar will acquire Domain for A$3 billion ($1.92 billion) including debt, the Australian property listings platform said on Friday, in a bid to create a well-capitalised rival to News Corp’s...
Prozone Realty hits the roof after board approves acquisition of Probliss Realty
Prozone Realty hit an upper circuit of 2% at Rs 33.27 after the company announced that its board has approved the acquisition of 100% equity shares of Probliss Realty. According to the exchange filing, the company will...
US real estate firm CoStar sweetens bid for Australia’s Domain to $1.8 billion
U.S. property data group CoStar raised its acquisition bid on Thursday for Domain Holdings, Australia’s second-largest real estate classifieds company, with the revised deal now valued at A$2.80 billion ($1.76...
