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...
Realty
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...
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...
