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...
Indiabulls to sell 50% stake in two office properties in Gurugram
Indiabulls Real Estate Ltd Friday announced plans to sell 50% stake in two office assets in Gurugram to a global investment firm. In a regulatory filing, the Mumbai-based developer said it has “entered into a non...
Prestige’s ₹2000 crore office stake sale deal with GIC shelved
Real estate developer Prestige Estates Projects Ltd has abandoned a plan to sell a stake in its office portfolio to Singapore’s sovereign wealth fund GIC Pte Ltd. The Bengaluru-based company signed a term sheet with GIC...
Motilal Oswal Real Estate sells Shriram Properties stake for ₹125 crore
Motilal Oswal Real Estate, the realty-focused private equity arm of financial services conglomerate Motilal Oswal, on Monday said it has sold its investment in Shriram Properties, a Bengaluru-based developer, for ₹125...
Altico Capital invests Rs 100 crore more in Pune realtor Pharande
In the middle of an ongoing liquidity mayhem and credit squeeze, Abu Dhabi Investment Council backed real estate-focused non-banking financial company (NBFC) Altico Capital India has extended funding of ₹100 crore to...
Australia’s Propertylink gets $505 million takeover offer from ESR Group
Real estate investment trust Propertylink Group (PLG.AX) said on Friday the Australian arm of real estate developer ESR Group had made a A$693.2 million ($504.9 million) takeover offer for the company. ESR offered A$1...
Singapore’s CapitaLand buys U.S. rental housing assets for $835 million
CapitaLand Ltd (CATL.SI), one of Singapore’s largest property developers, said on Tuesday it bought a portfolio of rental apartments in the United States for $835 million, marking its foray into the multifamily asset...
Supreme Court allows Corporation Bank to move NCLT for claims against Amrapali Group
The Supreme Court Thursday allowed the Corporation BankNSE 0.19 %, which has led a consortium of banks to lend loans to the Amrapali Group, to move the National Company Law Tribunal (NCLT). A bench of Justices Arun...
Xander firm close to buying Omkar’s upcoming mall for ₹2,300 crore
Xander Group’s retail arm Virtuous Retail South Asia Pte. Ltd is close to buying an upcoming mall in Mumbai from real estate firm Omkar Realtors and Developers Ltd for ₹2,300 crore, three people aware of the transaction...
Vonovia to pay $382 million in Buwog squeeze-out
German real estate company Vonovia (VNAn.DE) has agreed to pay 334.4 million euros ($381.6 million) to squeeze out remaining minority shareholders of Austria’s Buwog (BWOA.VI), Buwog said in a statement on Sunday...
