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...
Blackstone to pick up 14.3% stake in Kotle-Patil Developers, makes open offer
Global investment firm Blackstone will acquire a significant stake of 14.3% in Kolte-Patil Developers, a leading listed real estate player based in Pune. The deal, which was approved by Kolte-Patil’s board earlier...
Swiss real estate firms Ina Invest and Cham Group agree to merge
Swiss real estate firm Ina Invest and its peer Cham group have signed a merger agreement, Ina said on Friday. The merger will create one of Switzerland’s top 10 listed real estate companies, with a combined...
