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...
Ascendas-Firstspace buys warehousing assets in Chennai for $120 million
Singapore-based Ascendas-Singbridge Group, through its logistics and warehousing joint venture with Firstspace Realty, has acquired two assets in Chennai amid a boom in India’s industrial real estate. The two assets...
Blackstone to buy stake in Indiabulls’ office projects
Private equity firm Blackstone Group LP is close to buying around 50% stake in two commercial office projects of Indiabulls Real Estate Ltd (IBREL) in Gurugram, said three people familiar with the development...
Lodha Developers to raise Rs5000 crore, wind up UK business
Mumbai-based real estate firm Lodha Developers Ltd (LDL) will raise just under Rs5,000 crore, by sale of its equity interest in its two projects in London for around Rs4,200 crore and the remaining through private...
