Prologis Inc, a warehouse real estate company, said on Tuesday it had offered to buy its smaller peer Duke Realty Corp in an all-stock deal valued at $23.7 billion, as it looks to benefit from the booming demand for...
UK property firms Capco, Shaftesbury in talks on reported $4 billion merger
British real estate firms Capital & Counties Properties and Shaftesbury Plc said they were in advanced talks on a merger that would bring such London tourist destinations as Covent Garden and Soho under one umbrella...
HDFC Capital to buy 7.2% stake in realty start-up Loyalie IT Solutions
HDFC on Thursday said it will acquire 7.2 per cent stake in proptech start-up Loyalie IT Solutions Pvt Ltd for Rs 1.1 crore. Founded by Akhil Sharaf in 2018, Loyalie, which has recently been renamed as Reloy, has been...
Anarock plans ₹1,000 crore fundraise to buy proptech firms
Real estate services firm Anarock is planning to raise as much as ₹1,000 crore from private equity funds for potential acquisitions of proptech companies, two people aware of the development said. Anarock, founded by...
Avenue Supermarts buys retail space in Bengaluru
Billionaire investor Radhakishan Damani’s company Avenue Supermarts has purchased retail space in Bengaluru valued at over ₹88 crore, said two people with direct knowledge of the development. Avenue Supermarts...
Spanish property developer Neinor in talks to buy Via Celere
Spanish residential real estate developer Neinor Homes on Monday confirmed reports it is in negotiations to buy rival Via Celere in a deal that could create Spain’s largest property developer. Neinor is participating in...
Canderel-led consortium to acquire Canada’s Cominar in $4.6 billion deal
Cominar Real Estate Investment Trust said late Sunday it had entered into an agreement to be acquired by a consortium led by Canderel Real Estate Property Inc for C$5.7 billion ($4.61 billion). Stockholders of the...
Cushman & Wakefield to buy 40% stake in Greystone multifamily business for $500 million
Commercial real estate services giant Cushman & Wakefield PLC has agreed to pay $500 million for a 40% stake in the rental apartment lending and loan servicing business owned by Greystone & Co., the companies...
Adler Group sells 20% of property portfolio to LEG Immobilien
German real estate investor Adler Group said on Monday it had agreed to sell residential and commercial property worth 1.49 billion euros ($1.73 billion) to rival LEG Immobilien in a bid to reduce its debt. Adler...
Arvind SmartSpaces raises ₹85 crore from HDFC Capital
Real estate firm Arvind SmartSpaces Ltd (ASL) has raised Rs85 crore from HDFC Capital Affordable Real Estate Fund-1 (H-CARE 1). The board of directors of ASL on Friday approved the allotment of 68.5 lakh equity share...
Vonovia says keeps options open on Deutsche Wohnen as it raises stake
Real estate giant Vonovia said on Wednesday it was keeping all options open regarding Deutsche Wohnen after it secured control of nearly 30% of the shares in its rival, days after a takeover attempt failed. Germany’s...
Kite Realty, Retail Properties to merge in $7.5 billion deal
Kite Realty Group Trust said on Monday it will buy rival Retail Properties of America Inc for about $2.8 billion to create one of the top five shopping center real estate investment trusts in the United States. Retail...
