Ivanhoe Cambridge, the real estate investment arm of Canada’s second largest pension fund manager CDPQ, has shown interest in buying stake in the rental assets of Bengaluru-based Prestige Estates, said a source in the...
Realty
China’s Sunac to raise $1 billion to refinance debt amid deal spree
Acquisitive Chinese property developer Sunac China Holdings Ltd (1918.HK) will raise $1 billion from banks to refinance its current debts, the firm said in a filing on Thursday. Sunac has been making a spate of high...
Nirmal raises Rs570 crore debt from L&T Finance
Property developer Nirmal has raised Rs570 crore of debt financing from L&T Finance Holdings Ltd and signed a joint development agreement with L&T Realty Ltd for a residential project in suburban Mumbai. The...
ASK group raises Rs 535 cr for real estate fund
ASK Property Investment Advisors has raised Rs 535 crore for its seventh real estate fund from domestic high net worth individuals. The fund has a total corpus of Rs 2,000 crore. This is the first domestic property fund...
Emami Infra to merge Zandu Realty with self to unlock value, fund projects
Emami Group, the diversified conglomerate based from this city, has decided to consolidate its realty arm into a single listed entity, to unlock value and raise funds from the market to fund its ongoing projects. Zandu...
Goldman Sachs may invest Rs300 crore in Ozone Group’s real estate project
Investment bank Goldman Sachs is planning to invest as much as $50 million (about Rs325 crore) in a real estate project of Ozone Group, a Bengaluru-based developer, two people aware of the matter said. “The talks are at...
Zandu Realty soars 20%, Emami Infra up 5% on merger nod
Shares of Emami Group Companies – Zandu Realty (up 20% at Rs 1,491) and Emami Infrastructure (up 5% at Rs 155) – are locked in their respective upper limit of circuit filter after their boards approved...
Tata Realty, StanChart PE JV buys Thane-Belapur land for Rs325 crore
In the biggest land deal in the year so far, a joint venture of Tata Realty and Infrastructure Ltd (TRIL) and Standard Chartered Private Equity has acquired a 47.5-acre plot at the Thane-Belapur industrial area close to...
Indiabulls Real Estate acquires 10% stake in subsidiary IIL for Rs358 crore
Realty firm Indiabulls Real Estate Ltd on Wednesday said that it has acquired the entire minority stake of 10.08% in Indiabulls Infraestate Ltd (IIL), a subsidiary of the company, from ILFS Fund entities for Rs358.4...
Berkshire bulks up in real estate with Store Capital stake
Berkshire Hathaway Inc (BRKa.N) has taken a nearly 10 percent stake in the real estate investment trust Store Capital Corp (STOR.N), adding to bets in the sector by the conglomerate controlled by billionaire Warren...
Indiabulls Real Estate falls 18% on stake sale by promoter group trust
Indiabulls Real Estate slipped 18.5% to Rs 173 on BSE in intra-day trade on the back of heavy volumes after the company said that its promoter group entity IBREL IBL Scheme Trust sold 33 million shares of the company...
Adani Capital invests Rs 50 cr in PRA Realty’s project in Pune
Adani Capital, the NBFC arm of the Adani Group, will invest Rs 50 crore in PRA Realty’s project in Pune. “Adani Capital has partnered with PRA Realty to provide capital for its project in Pune,” the...
