The ministry of corporate affairs is set to move the Supreme Court next week with a plan to supersede the board of directors of real estate developer Unitech Ltd., said a person with knowledge of the matter. The Supreme...
Property group Seazen plans $351 million new share sale
China’s Seazen Group Ltd said on Tuesday it planned to sell new shares worth HK$2.73 billion ($351 million) to third party investors and that it would use the proceeds to fund its long-term business development and as...
Sunac China plans $1 billion share sale to enlarge shareholders’ base
Sunac China Holdings Ltd said on Friday it planned to sell HK$8 billion ($1.03 billion) worth of new shares to third party investors to enlarge its shareholders’ equity base and optimize the capital structure. The...
Lodha in race against time to raise funds to meet debt obligations
Lodha Group, one of India’s largest property developers, is in a race against time to raise close to $225 million (around ₹1,600 crore) by selling bonds to meet its debt repayment obligations due next year. The group...
Allianz-Shapoorji Pallonji JV acquires WaveRock Complex for $250 million
SPREF II Pte. Ltd., a joint venture between Allianz Group and Shapoorji Pallonji Group, on Wednesday said it has acquired a 2.4 million sqft special economic zone (SEZ) property Waverock in Hyderabad from TSI Business...
Piramal Realty inks joint-venture with Omkar Realtors for Mumbai project
Piramal Realty on Thursday said it has formed a joint venture with Omkar Realtors to develop a project in Mumbai and will invest Rs 3,000 crore over the next few years. Piramal Realty, the real estate development arm of...
Norway cuts Entra stake in $371 million share sale
The Norwegian government sold a 14.1% stake in real estate company Entra for 3.4 billion crowns ($371.1 million), the country’s industry ministry said on Tuesday. Following the sale of shares to around 210 foreign and...
Jaypee Infra case: Suraksha may offer more cash & land to lenders, higher penalty to buyers
Mumbai-based Suraksha Realty, which is in the race with state-owned NBCC to acquire bankrupt Jaypee Infratech, is likely to offer additional cash and land to lenders, and higher delay penalty compensation to homebuyers...
Two Singapore-listed real estate trusts announce $4-billion merger plan
Two Singapore-listed real estate investment trusts under the Frasers Property group said on Monday they planned to merge to create an entity that will hold assets worth S$5.7 billion ($4.2 billion). The proposed merger...
Frasers Property to merge two listed trusts into new $4-billion entity
Frasers Property Ltd said on Monday it planned to merge two of its Singapore-listed real estate investment trusts (REITs) to create an entity that will hold assets worth S$5.7 billion ($4.2 billion). The proposed merger...
Austrian property groups Immofinanz and S Immo abandon merger plan
Austrian property groups Immofinanz and its smaller rival S Immo have abandoned their plan to merge, they said on Tuesday, leaving their crowded market’s future uncertain after another planned merger by Immofinanz fell...
Indiabulls Real Estate pares debt through asset sales
Indiabulls Real Estate Ltd (IBREL), which has monetized some of its real estate assets and partially sold promoter stake for around Rs6,500 crore, has managed to substantially reduce its leverage levels and is moving...
