Howard Hughes Corp has hired Centerview Partners to explore strategic alternatives that include a sale of the company, the real estate developer said on Thursday. A joint venture or spin-off of a portion of assets...
Blackstone-Embassy JV to acquire stake in IBREL
US private equity giant Blackstone Group Lp and Bengaluru-based property developer Embassy Group are set to jointly acquire the stake of Indiabulls Group chairman Sameer Gehlaut in Indiabulls Real Estate Ltd (IBREL), a...
ESR plans to raise up to $1.24 billion in Hong Kong’s biggest IPO this year: term sheet
Logistics real estate developer ESR Cayman Ltd has opened the books on an initial public offering (IPO) that could raise up to $1.24 billion, in what would be Hong Kong’s biggest float so far this year, showed a term...
Hospitality Properties nears $2.4 billion acquisition of Spirit MTA assets – sources
Hospitality Properties Trust is nearing a $2.4 billion deal to acquire a rental real estate portfolio from Spirit MTA REIT, a major landlord of bankrupt U.S. retailer Shopko Stores Inc, people familiar with the matter...
Warburg Pincus forms JV with Runwal Group to build malls in India
An affiliate of global private equity firm Warburg Pincus Llc and Mumbai-based developer Runwal Group have formed a joint venture (JV) to create a shopping mall platform. Both partners will commit $200 million each in...
Vikas Oberoi plans to sell stake to investors in prime Mumbai project
Vikas Oberoi, promoter and chairman of Oberoi Realty Ltd, plans to sell his 50% stake in an upcoming 1.7 million sqft-mixed used development project being built by the company in Mumbai’s prime Worli area to...
Indiabulls-Blackstone JV to acquire office assets in NCR
Mumbai-based developer Indiabulls Real Estate Ltd (IBREL) and its joint venture partner, Blackstone Group Lp, are acquiring three office assets in Delhi and Gurugram, even as it is in talks to exit the real estate...
Indiabulls promoters ready to exit real estate business for bank merger
With the Chennai-based Lakshmi Vilas Bank set to merge with Indiabulls Housing Finance in a share-swap deal, Indiabulls group promoters are ready to exit the real estate business in case the Reserve Bank of India (RBI)...
NCLT consults Centre, bankruptcy board to resolve Jaypee Infra deadlock
In the matter between IDBI Bank and Jaypee Infratech, the National Company Law Tribunal’s (NCLT) New Delhi Bench has sought views from the government and Insolvency and Bankruptcy Board of India (IBBI) on ways to...
Vornado sells stake in New York retail venture for $1.2 billion
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...
