India’s largest property developer DLF Ltd, which saw its net debt rise by Rs1,021 crore to Rs23,530 crore in the September quarter, may see further pile-up in debt as residential cash flows will get impacted due to...
DLF promoters receive two offers for stake sale in rental business
Realty major DLF Ltd’s promoters have received offers from two big investors for selling their 40% stake in the rental business and expect to sign the deal, estimated at Rs12,000 to Rs14,000 crore, in the next quarter...
Real estate fund-raising plans run into multiple roadblocks
Indian real estate funds are finding it tougher than usual to raise money as investors demand a more rigorous due-diligence process in an uncertain environment. Large pension funds and global investors are now seeking...
Peninsula Land to sell 150 acres land to reduce debt
Mumbai: Property developer Peninsula Land Ltd plans to sell 150 acres of land in three cities to raise Rs800 crore, a top company executive said. The Ashok Piramal Group company plans to use most of the sale proceeds to...
Piramal invests Rs750 crore in Adarsh Developers
Real estate investor Piramal Fund Management Pvt. Ltd has invested Rs750 crore in Bengaluru-based Adarsh Developers in a large debt refinancing and construction financing transaction. Of this, Rs550 crore will go to...
Australia’s Boral to buy Headwaters for $1.8 billion in bet on U.S. building market
Boral Ltd (BLD.AX), Australia’s biggest supplier of building materials, said it would buy Headwaters Inc (HW.N) for $1.8 billion in cash, doubling its U.S. presence at a time when President-elect Donald Trump...
FCPT announces acquisition of ten restaurant properties
Four Corners Property Trust Inc : * Four Corners Property Trust-funded deal with 274,744 operating partnership units and $10.1 million in cash drawn from its revolving line of credit * FCPT announces acquisition of ten...
Chinese property developer Evergrande increases stake in bigger peer China Vanke
Property developer China Evergrande Group (3333.HK) said it has further raised its stake in larger rival China Vanke Co Ltd (000002.SZ) to 8.29 percent, the latest move in a spending spree by the company. Evergrande...
Tata Realty emerges frontrunner to buy Durg bypass project
Mumbai: Tata Realty and Infrastructure Ltd (TRIL) has emerged as the frontrunner to buy 18.4-km two-lane bypass in Durg, Chhattisgarh, from Nagpur-based infrastructure company SMS Ltd and IDFC Alternatives, two people...
Keppel DC REIT updates on acquisition of 90% interest in Keppel DC Singapore 3 Pte Ltd
Keppel Dc Reit : * Proposed acquisition of 90.0% interest in Keppel dc Singapore * Estimated purchase consideration payable to vendor on completion date is s$140.8 million * Perpetual (Asia) limited entered into a...
Jindal Aluminium plans to venture into real estate business
MUMBAI: Jindal Aluminium, one of India’s largest manufacturers of aluminium extrusions, plans to venture into real estate business to monetize its 360-acre land parcels spread on the outskirts of Bengaluru, Delhi and...
Boston Mayflower early merger talks with Shoreline Housing
Boston Mayflower Finance Plc * Boston Mayflower in early merger discussions * Boston Mayflower and Shoreline Housing Partnership are in very early stage discussions in relation to a possible merger * Aim to complete...
