Canada’s Brookfield Asset Management Inc said on Monday it had offered to buy the remaining stake in its commercial real estate business, Brookfield Property Partners LP, in a $5.9 billion deal. The move comes as the...
DLF rental arm to buy Hines stake in commercial project in Gurgaon
Realty major DLF’s rental arm DCCDL has entered into an agreement to acquire the stake of US-based Hines in a premium commercial project in Gurugram for Rs 780 crore, the company said in a regulatory filing...
TechVillage deal done, Embassy to sell more assets to its listed REIT
Bengaluru-based Embassy group will sell more properties to Embassy Office Parks, the real estate investment trust or REIT floated by it with its partner Blackstone, its chairman Jitu Virvani said in a webinar today. In...
Prestige group to sell commercial projects to Blackstone for Rs 9,160 cr
Realty firm Prestige Estates Projects Ltd on Monday said it has agreed to sell a large portfolio of office, retail and hotel properties to global investment firm Blackstone for an enterprise value of Rs 9,160 crore...
Sweden’s Skanska sells share in Virginia, U.S. project for $625 million
Builder Skanska has agreed to sell its 50% share in Elizabeth River Crossings HoldCo LLC (ERC) for $625 million to Abertis and Manulife Investment Management, it said on Monday. Skanska, the Nordic region’s largest...
Canada’s Brookfield Business Partners to buy rest of insurer Genworth for $1.2 billion
Genworth MI Canada said on Monday real estate service provider Brookfield Business Partners will buy the remaining 43% stake it does not hold in the mortgage insurer for about C$1.6 billion ($1.21 billion). Brookfield...
Embassy to sell maintenance biz of two office parks to REIT for ₹474 crore
Embassy REIT, India’s first listed real estate investment trust will buy the property maintenance business of Embassy Manyata Business Park in Bengaluru and Embassy Tech Zone in Pune. Both the properties are part of...
Brookfield to invest $2 billion in biggest Indian property deal yet
Brookfield Asset Management will buy an Indian developer’s commercial properties for $2 billion, the biggest real estate deal in the South Asian nation. The Canadian asset manager is acquiring 12.5 million square feet...
Prestige Estates signs deal with Blackstone for stake sale in firm’s assets
Real estate player Prestige Estates has signed a deal with private equity major Blackstone Group for stake sale in some of the company’s commercial, retail and hotel properties. Though Prestige has not disclosed the...
Prestige to sell rental assets to Blackstone for $1.6 bn
Real estate developer Prestige Group on Friday signed an agreement with Blackstone Group Lp to sell rental income assets for around $1.6 billion ( ₹11,800 crore), said a person familiar with the development. The deal...
BioMed valued at $14.6 billion in deal for sale from one Blackstone fund to another
Blackstone Real Estate Partners and co-investors have agreed to sell BioMed Realty for $14.6 billion to a group led by existing BioMed investors, Blackstone Group Inc said on Thursday. Blackstone had agreed to buy...
Activist ENKRAFT takes 1.5% stake in Apollo-backed AGROB: letter
Activist fund ENKRAFT has built a stake of more than 1.5% in German real estate firm AGROB Immobilien, criticising the group for failing to raise the firm’s value, according to a letter to management seen by...
