Austrian property group Immofinanz on Thursday named investor Ronny Pecik as its next chief executive, a move that will fuel speculation about a merger with rival S Immo since he owns stakes in both companies. A tie-up...
Tabreed buys 80% of Emaar Properties’ Dubai cooling business for $675 million
Dubai-listed National Central Cooling co (Tabreed) has bought an 80% stake in Emaar Properties’ Downtown Dubai district cooling business for 2.48 billion dirhams ($675 million), the companies said on Monday. Emaar will...
Dubai’s Emaar sells majority of cooling business to Tabreed for $675 million
Emaar Properties has sold an 80% stake in its cooling business in the prime Dubai Downtown area to National Central Cooling Co (TABREED) for 2.48 billion dirhams ($675 million), the companies said on Monday. Emaar will...
Merger of property groups S Immo and Immofinanz back on the table
Shareholder changes at Immofinanz mean Austrian property rival S Immo SLAG.VI would be open to renewing merger talks once the coronavirus crisis is over, the chief executive of S Immo said on Thursday. A tie-up between...
UniCredit buys 32.5% of Italy’s Esselunga real estate unit: sources
Italy’s biggest lender UniCredit has invested 435 million euros ($469 million) to buy a 32.5% stake in the company that owns the real estate assets of supermarket chain Esselunga, two sources close to the matter said on...
Oberoi Realty down after Invesco Global picks stake worth Rs 220 crore
Invesco Global picked up equity shares worth Rs 220 crore of Oberoi Realty through open market transactions. According to the bulk data available on BSE, a total of 50,24,217 shares of Oberoi Realty were purchased by...
LSL Property drops plans to merge with Countrywide
British real estate agent LSL Property Services said on Monday it will not make an offer for a merger with Countrywide, sending shares in its rival sharply lower. Last month, the companies had said they were in...
Eldeco Housing and Industries sells 100% stake in Swarnim Nirman
Real estate firm Eldeco Housing and Industries on Saturday said it has sold 100 per cent stake in its arm Swarnim Nirman to Eldeco Infrastructure and Properties. “The Company today i.e. March 14, 2020 has sold...
CCI approves acquisition of equity stake in Teesta Urja by Greenko Mauritius
Greenko Mauritius is a wholly-owned subsidiary of Mauritius-based Greenko Energy Holdings. Teesta Urja is a special purpose vehicle incorporated for implementation of a 1,200 MW hydro power project in North Sikkim. The...
DLF to raise Rs 2,000 cr via sale of land to existing or new JV partners
Realty major DLF is looking to raise Rs 2,000 crore through monetisation of certain commercial land parcels to its existing joint venture partners or new partners. The monetisation of land parcels would help the company...
Godrej Properties to buy railway land in Delhi for ₹1,359 crore
Godrej Properties Ltd on Monday said it will acquire 26.58 acres of prime property in the national capital for ₹1,359 crores. Terming it one of the largest land transactions in recent past, the Mumbai-based real estate...
Home rental startup Nestaway buys ApnaComplex
Home rental startup NestAway Technologies Pvt. Ltd Thursday said it has acquired apartment management platform ApnaComplex to expand its property management business. The company did not disclose financial details of...
