The promoters of Mumbai-based property developer Phoenix Mills are looking to sell 50 per cent stake in two of the company’s mixed-use projects at Pune and Bengaluru, said a source in the know. The two projects...
DLF close to 40% stake sale in rental assets arm
India’s largest real estate developer DLF on Tuesday said it has shortlisted bidders for the ongoing stake sale in its rental arm, DLF Cyber City Developers Ltd. The company expects to receive binding, updated...
DLF promoters expect to sign Rs 12,000-crore stake sale deal by October
NEW DELHI: India’s largest realty firm DLF today said it has shortlisted few potential investors to sell promoters’ stake in the rental arm and expects the proposed deal, estimated at Rs 12,000 crore, to be...
Tata Realty in talks for buying SBI-Macquarie’s road assets
MUMBAI: Tata Realty & Infrastructure is in advanced talks with a private equity fund managed by Australia’s Macquarie Group and State Bank of IndiaBSE 0.41 % to buy two road assets, more than doubling its...
Piramal, Canadian company may form $250-mn realty JV
Ivanhoe Cambridge, the real estate arm of Canada’s second largest pension fund manager CDPQ, is looking to re-enter Indian real estate with a joint venture with Ajay Piramal’s Piramal Fund Management, said a source in...
Macquarie Infrastructure, Tata Housing to partner for Rs2,000 crore projects
Bengaluru: Macquarie Infrastructure and Real Assets (MIRA), an arm of Australia’s Macquarie Group Ltd, and realty firm Tata Housing Development Co. Ltd are close to setting up a joint investment platform to invest...
Ascendas-Singbridge eyes growth via acquisitions, greenfield projects
Bengaluru: Singapore-based Ascendas-Singbridge Group is looking to acquire operational office assets and buy land to develop greenfield office projects in India, in a bid to expand its project portfolio and add to its...
Sim Lian founder offers to take over Singapore real estate firm
The founder of Sim Lian Group Ltd is leading an offer to buy the Singapore-based real estate firm and delist it, in a deal that values the company at S$1.09 billion ($808.2 million). Coronation 3G, an investment holding...
Xior Student Housing announces c. 12.4 mln euro acquisition in Delft
Xior Student Housing NV : * Enters into agreement on the acquisition of 108 student rooms in Delft * Transfer of this property is planned for January 2017 * Deal value of acquisition in Delft is about 12.4 million euros...
E-House China Holdings announces shareholder approval of merger agreement
E-House China Holdings Ltd : * E-House announces shareholder approval of merger agreement * Of those shares voted at the meeting, about 89.79% were voted in favor of a proposal to authorize,approve merger agreement...
Vonovia banks on organic growth in departure from acquisitions
Germany’s biggest residential property group Vonovia, which last year lost a takeover battle for rival Deutsche Wohnen, is faring well on organic growth and not dependent on acquisitions, its chief executive said...
DLF’s rental arm stake sale by Sep, may fetch Rs 12,000 cr
NEW DELHI: Realty major DLF’s promoters are likely to sell 40 per cent stake in its rental arm by September, a deal estimated to fetch around Rs 12,000 crore. According to sources, three global institutional...
