China Vanke 000002.SZ said a major shareholder Baoneng Group has cut its shareholding in the property developer by 5 percent to 20.4 percent in the past three months. Vanke was embroiled in a high-profile corporate...
Abraaj buy to give Cerberus Capital a foothold in India
Cerberus Capital Management, one of the world’s largest distressed asset investors with over $50 billion of assets under management, is expected to soon gain a firm foothold in India, as it closes in on the acquisition...
No bidders for Sahara’s Aamby Valley estates: Official liquidator tells SC
The auctioning process of Sahara group’s prized Aamby Valley properties has been put off after the auction notice failed to elicit any response from prospective buyers, the Supreme Court was informed on Thursday...
Hometown America drops due diligence condition for Gateway Lifestyle offer
Hometown America adjusted its takeover bid for Australian retirement village owner Gateway Lifestyle Group (GTY.AX) on Monday, offering to drop due diligence if the target agreed to its A$695 million ($514 million) cash...
Puranik Builders files papers for IPO
Puranik Builders Ltd, a major real estate developer with projects in Mumbai and Pune, on Wednesday filed the draft prospectus for its initial public offering (IPO), which will see the company raise Rs810 crore...
Indiabulls Real Estate raises Rs480 crore via issue of debentures
Indiabulls Real Estate on Wednesday said it has raised Rs480 crore through issue of debentures on private placement basis. In a BSE filing, the Mumbai-based developer informed that the board’s operations committee has...
Greystar to buy Education Realty in $4.6 billion deal
Education Realty Trust Inc (EDR.N), a developer of student housing, said on Monday it would be acquired by an affiliate of Greystar Real Estate Partners for about $4.6 billion, including debt. Education Realty...
W.P. Carey plans to buy Corporate Property Associates in $6 billion deal
W.P. Carey Inc (WPC.N) said on Monday it plans to buy commercial property owner Corporate Property Associates 17 – Global Inc in a $6 billion deal that could make it the No.2 U.S. net lease real estate investment trust...
Greystar in talks to buy Education Realty for about $3.1 billion: WSJ
Greystar Real Estate Partners is in exclusive discussions to buy Education Realty Trust Inc (EDR.N), owner of collegiate housing communities, for about $3.1 billion, the Wall Street Journal reported on Wednesday, citing...
Hines looks to sell 50% stake in Gurugram’s One Horizon Center
Real estate investor Hines India Ltd has decided to sell its 50% stake in One Horizon Centre, a premium commercial building in Gurugram’s Golf Course Road, two people familiar with the development said. The other half...
Investcorp close to acquiring IDFC’s realty, PE business
Investcorp, which is close to acquiring the private equity (PE) and real estate (RE) funds business of IDFC Alternatives, will initially focus on real estate investments, said two people aware of the development...
DLF plans expansion of rental biz post stake sale
DLF Ltd, India’s largest real estate firm by market value, is ramping up its rental portfolio with plans to build nearly 10 million sq. ft commercial real estate in the next 5-7 years, post its stake sale in its rental...
