Fronsac Reit * Fronsac REIT announces two acquisitions * Says total consideration to be paid for these properties will be $1 million and $3.2 million respectively and settled in cash * Acquisition of two real estate...
Affiliate of Yango’s controlling shareholder signs agreement for acquisition
Yango Group Co Ltd * Says controlling shareholder’s affiliate signs agreement to acquire 50 percent stake in Full Choice Resources Limited for HK$821 million ($105.86 million) Source text in Chinese: bit...
Lenders to gain control at Lanco Infratech for a 60 per cent equity stake
HYDERABAD: A consortium of lenders on Tuesday decided to take control of Lanco InfratechBSE 0.79 % by converting a part of the cash-strapped company’s debt for a 60 percent equity stake, a person close to the...
M3M group to sell Gurgaon IT-SEZ to Tata Realty for Rs 500 crore
NEW DELHI: Real estate firm M3M India has entered into an agreement with Tata Realty and Infrastructure to sell its proposed IT-SEZ at Gurgaon for about Rs 500 crore. M3M India’s subsidiary Mikado Realtors Pvt Ltd...
Samty Residential Investment to finance acquisition of 20.59 bln yen worth properties via loans, unit issue and bonds issue
Samty Residential Investment Corp : * Says it will buy 20 properties for 20.59 billion yen in total * Says it will take out 11.2 billion yen from banks * Says it will issue units via public offering for 10.28 billion...
Emaar PJSC plans to raise stake in MGF joint venture to over 74%
NEW DELHI: Dubai-based Emaar PJSC is planning to infuse fresh equity capital in Emaar MGF Land to raise its controlling stake in the company to more than 74%, said two people familiar with the matter. Emaar PJSC holds...
Monmouth Real Estate Investment says acquisition of an Industrial Building
Monmouth Real Estate Investment Corporation Announces New Acquisition Guaranteed By Snap * Monmouth Real Estate Investment Corporation announces new acquisition guaranteed by Snap-On Inc. in Louisville, Ky * Monmouth...
Immobel’s shareholders agreed to the proposed merger between Immobel and Allfin
Compagnie Immobiliere De Belgique SA : * The Immobel shareholders agreed to the proposed merger between Immobel and Allfin * The merger is effective from June 29th, 2016 Source text: bit.ly/2961wh7 Further company...
Evergrande to Expand Mainly Through Mergers After Buying Spree
Evergrande Real Estate Group Ltd., the Chinese real estate developer that has embarked on a buying spree since last year, said it will keep expanding mainly through mergers and joint ventures, and will also seek to...
Sun Communities to buy Carefree Communities for about $1.68 billion
Real estate investment trust Sun Communities Inc (SUI.N) said it would buy privately held Carefree Communities Inc for about $1.68 billion from an affiliate of private equity firm Centerbridge Capital Partners II LP...
Godrej Properties floats new funds arm, raises Rs 1,900 cr
In the biggest fund-raising by a real estate fund manager this year, Godrej Fund Management (GFM), the newly created real estate fund management arm of Godrej Properties, raised $275 million (Rs 1,900 crore) from...
Dream Office REIT looking to sell Scotia Plaza stake
Dream Office Real Estate Investment Trust is working with TD Bank and CBRE to sell half of its stake in Toronto’s Scotia Plaza, Canada’s second tallest office building, according to two sources familiar with...
