The Piramal group will have to raise Rs 3,033 crore by March next year to meet its financial commitments at a time when ICRA, a Moody’s affiliate, has downgraded group firms AASAN Corporate Solutions and Piramal Realty...
Taylor Morrison to buy William Lyon Homes for over $800 million
Taylor Morrison Home Corp on Wednesday agreed to buy smaller rival William Lyon Homes for more than $800 million in cash and stock, creating the fifth-biggest homebuilder in the United States. The offer of $21.45 per...
Unizo keeps door open for Blackstone, Fortress talks
Unizo Holdings said Monday it would continue talks with Blackstone Group and SoftBank-backed Fortress Investment Group on a potential takeover, raising the possibility of a bid battle between the two global buyout firms...
Howard Hughes announces management reshuffle, to sell assets worth $2 billion
Howard Hughes Corp, which counts activist investor William Ackman as chairman, said on Monday it would sell about $2 billion of non-core assets following a strategic review and announced a management reshuffle. Shares...
Xander sets up $250 mn industrial realty fund to acquire logistics assets
Singapore’s Xander Investment Management has set up a $250 million industrial real estate venture to purchase assets in the high-growth logistics and e-commerce sectors at industrial corridors across major cities in...
Brazil’s MRV weighs up to $255 million stake in U.S. firm AHS: filing
Brazilian homebuilder MRV Engenharia e Participacoes SA will hold a shareholders meeting on Oct. 4 to vote on a proposal to buy a controlling stake in U.S. real estate firm AHS Residential for $220 million to $255...
Oberoi Realty buys 60-acre land from GlaxoSmithKline in Thane for Rs 890 cr
Oberoi Realty Ltd on Friday said it has bought around 60 acres of land in Thane, Maharashtra from GlaxoSmithKline Pharmaceuticals for nearly Rs 890 crore. In a regulatory filing, the Mumbai-based developer said...
Fresh bids invited for debt-ridden Ariisto Developers under insolvency proceedings
Resolution professional of debt-ridden Ariisto Developers has invited fresh bids from prospective buyers to revive the Mumbai-based real estate firm which has gone under insolvency proceedings since last year. Mumbai...
Blackstone may buy out Indiabulls Real Estate’s commercial properties: ET
Blackstone Group (BX.N) is set to buy the remaining 50% stake in Indiabulls Real Estate’s (INRL.NS) commercial properties for about 48 billion rupees ($688.8 million), the Economic Times (ET) reported on Monday. The...
Israel’s Elco to buy Azrieli unit Granite Hacarmel for $290 million
Holding company Elco Ltd (ELCO.TA) said on Sunday it agreed to buy Granite Hacarmel Investments from Israeli real estate developer Azrieli Group (AZRG.TA) for 1.02 billion shekels ($290 million). The purchase price...
CBRE to buy Telford Homes to tap into Britain’s build-to-rent market
U.S. real estate firm CBRE Group Inc (CBRE.N) said it would buy British property developer Telford Homes Plc (TELF.L) for about 267 million pounds ($336 million) in a bid to expand into Britain’s apartment rental market...
CBRE to buy Telford Homes to tap into Britain’s build-to-rent market
U.S. real estate firm CBRE Group Inc (CBRE.N) said it would buy British property developer Telford Homes Plc (TELF.L) for about 267 million pounds ($336 million) in a bid to expand into Britain’s apartment rental market...
