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...
Realty firm Mahindra Lifespace ties up with Extramarks Education
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...
