Realty firm Mahindra Lifespace on Thursday said it has partnered with edutech company Extramarks Education for providing online learning to its customers, brokers and employees at a discounted rate. Extramarks is a...
RMZ to sell commercial assets to Brookfield for Rs 14,000 crore
Bengaluru-based realty firm RMZ has agreed to sell its completed commercial assets portfolio and co-working business to global investment firm Brookfield for an enterprise value of around Rs 14,000 crore as part of its...
Mall developer Phoenix Mills promoters sell stake worth ₹833 crore
Two promoter entities of mall developer The Phoenix Mills Ltd, on Tuesday, sold shares worth Rs833 crore, representing around 8.14% stake in the company, through block deals, data from stock exchanges show. Senior...
DLF, Hines JV raises ₹2,600 cr from HDFC for office project
A joint venture between India’s largest property developer DLF Ltd and global real estate firm Hines has secured a construction loan of ₹2,600 crore from HDFC Ltd for an upcoming office project in Gurugram. Last year...
Indiabulls Real Estate, Embassy Group finalize merger terms, share swap
Indiabulls Real Estate and two subsidiaries of Embassy Group have entered into a definitive agreement to merge their residential and commercial projects across markets to create one of the largest property development...
Merger Plan: Indiabulls Real Estate, Embassy to fix valuation, swap ratio
Indiabulls Real Estate and Embassy Group will finalise the valuation and swap ratio for their proposed merger on Tuesday. In separate meetings, the two real estate developers will also decide the time frame and exact...
Evergrande sells property management unit stake for $3 billion ahead of possible IPO
China Evergrande Group said it sold 28% of a property management unit for HK$23.5 billion ($3 billion), bringing in strategic investors ahead of a possible IPO for the unit. Shares in Evergrande jumped more than 6% in...
Merlin Properties buoyed by Brookfield bid report
Shares in Spain’s Merlin Properties rose as much as 13% in early Tuesday trading after the Expansion newspaper reported that Canadian fund Brookfield was considering a takeover bid. Merlin, which manages a portfolio of...
Resolution plan of real estate firm Unitech can be shared: Supreme Court
The Supreme Court on Friday said the resolution plan of the newly-constituted board for Unitech Ltd can be shared on its portal to solicit suggestions from the parties to help resurrection of the embattled real estate...
Australia’s Cromwell Property gets offer for 29% stake from largest shareholder
Australia’s Cromwell Property Group said on Tuesday it had received a takeover bid from its largest shareholder, ARA Asset Management, for 29% of its stapled securities. Under the offer, made via ARA Real Estate...
Property firm Capco buys HK tycoon’s stake in London rival Shaftesbury
Capital & Counties Properties has agreed to buy a 26.3% stake in London rival Shaftesbury from Hong Kong tycoon Samuel Tak Lee’s for 436 million pounds ($540.7 million), the real estate manager said on Monday. Both...
German property groups LEG and TAG terminate merger discussions
German property groups LEG Immobilien and TAG Immobilien have terminated their merger discussions over disagreement on valuation, LEG said in a statement late on Tuesday. “No agreement could be reached particularly with...
