Vornado Realty Trust on Thursday sold a stake in a portfolio of prime New York retail properties along Fifth Avenue and Broadway in Times Square for about $1.2 billion in cash in a deal in which it retains majority...
GIC sells DLF’s 70 million shares in block deal for Rs 1,344 crore
GIC, Singapore government’s sovereign wealth fund, on Monday sold 70 million shares of the country’s largest real estate developer, DLF, in a block deal for around Rs 1,344 crore. The shares have been bought by existing...
Supertech looking to sell 9 lakh sq ft office complex in Noida for ₹1,000 cr
Realty firm Supertech is in talks to sell its office complex in Noida for around ₹1,000 crore as it aims to cut debt significantly and save interest cost, sources said. The company has developed a 9 lakh sq ft office...
Embassy REIT share sale faces last-minute hurdle
India’s first real estate investment trust (REIT), Embassy Office Parks REIT, is going ahead with its plans to invite subscription from investors despite a last-minute objection from a third party. The creditor to one...
Austria’s Signa, RFR Holding buy New York’s Chrysler Building
Austrian real estate company Signa Holding and New York-based real estate developer RFR Holding LLC have acquired Manhattan’s iconic Chrysler Building, Signa said on Friday. Signa and RFR entered into a joint...
Austria’s Signa partners with RFR to buy New York’s Chrysler Building: sources
Signa Holding GmbH, Austria’s largest privately owned real estate company, will buy the iconic Chrysler Building in New York City in partnership with property firm RFR Holding LLC for about $150 million, people familiar...
Prestige Group plans to sell plotted projects
Real estate firm Prestige Group plans to develop housing plots and sell individual office units to investors, a top company executive said. Both the strategies are expected to generate quicker cash flows and attract...
Pallonji Mistry’s asset sales in focus after downgrades
Reclusive billionaire Pallonji Mistry is trying to offload more assets and pay down debt after some of his companies had their debt ratings cut late last year. Ratings on debt instruments of at least five companies in...
CapitaLand leads Singapore REIT consolidation with $4.4 billion purchase from Temasek
Singapore’s CapitaLand (CATL.SI) is buying the owner of a clutch of real estate investment trusts from state investor Temasek [TEM.UL] for about $4.4 billion, a deal the developer said would create the largest...
Quikr acquires real-estate platform India Property
Online classifieds platform Quikr has acquired Chennai-based startup India Property Online Private Limited, a real estate platform, for an undisclosed amount, the company said in a statement on Monday. The acquisition...
Warburg Pincus, Hande group to invest $1 billion in China joint venture
Warburg Pincus and Hande Group will invest a total $1 billion in a new joint venture to pursue special situations investments in real estate projects in China, the companies said on Wednesday. The joint venture’s...
CCI clears deal involving Blackstone, Embassy Group
The Competition Commission has approved the deal involving global investment company Blackstone and realty firm Embassy Group. The deal involves restructuring of Embassy Group, Blackstone Group and certain third parties...
