British real estate portal Rightmove on Wednesday rejected a sweetened $8.1 billion takeover proposal from Rupert Murdoch-owned Australian property listing firm REA Group, saying the increased bid was still...
Prestige Estates Projects approves $599 million fundraise via stake sale
Prestige Estates Projects said on Friday it will raise 50 billion rupees ($598.6 million) by issuing shares to institutional investors. The Indian real estate developer added its board has approved the monetization of...
NCLAT upholds Adani Goodhomes’ resolution plan for Radius Estates
The National Company Law Appellate Tribunal (NCLAT) has upheld Adani Goodhomes’ resolution plan to take over the bankrupt real estate company Radius Estates, rejecting challenges from creditors and debenture...
Sobha announces acquisition of BNB Builders
Through its wholly-owned subsidiary – Sobha Developers (Pune) Sobha Developers (Pune), a wholly owned subsidiary of Sobha has entered into a Share Purchase Agreement (SPA) today on 02 April 2024, with BNB Builders...
China developer Wanda sells 60% of mall unit in $8.3 bln deal
A group of investors led by private equity firm PAG on Saturday announced an investment of $8.3 billion for a 60% stake in Chinese property giant Dalian Wanda’s mall unit. Dalian Wanda will retain 40% in Newland...
Blackstone to take Tricon Residential private for $3.5 billion
Investment management company Blackstone has agreed to take Canadian real estate firm Tricon Residential private for $3.5 billion, the companies said. U.S.-listed shares of Tricon jumped about 28% at market open...
UK’s LondonMetric to buy LXI REIT in $2.4 bln deal
British landlord LondonMetric Property will acquire London-based real estate investment trust (REIT) LXI in a deal valued at 1.9 billion pounds ($2.43 billion), the companies said. Under the terms of the deal, each LXI...
UK landlord LondonMetric in talks to merge with LXI REIT – Bloomberg News
British landlord LondonMetric Property is in talks to merge with London-based real estate investment trust LXI to create a firm valued at 3.9 billion pounds ($4.94 billion), the companies said on Monday. “The...
Purplebricks to sell out to rival UK realtor Strike for a pound
British online estate agent Purplebricks, once valued at more than $1 billion, said it had agreed to be bought by smaller rival Strike for just one pound ($1.26). Under the deal, Strike will assume the liabilities of...
Britain’s JD Sports to buy France’s Courir in $572 mln deal
JD Sports Fashion has proposed buying France’s Groupe Courir for an enterprise value of 520 million euros ($572 million), in what would be the British group’s first acquisition since setting out ambitious...
ArisUnitern acquires significant stake in Kaleido Realty
ArisUnitern, a real estate services firm providing end-to-end consulting services, has acquired a significant stake in Kaleido Realty, that helps real estate companies with sales and marketing launchpads. The stake was...
Extra Space to buy Life Storage for $12.7 bln in self-storage mega deal
Real estate investment trust Extra Space Storage said it will acquire Life Storage for $12.7 billion in a deal that will result in the combined company becoming the largest U.S. self-storage space operator by store...
