Casino Guichard-Perrachon SA agreed to sell the real estate underlying 55 of its Monoprix stores for 565 million euros ($655 million), giving the French retailer a much-needed infusion of cash as short sellers circle...
BoI to withdraw plea against HDIL in NCLT
In a major relief to Housing Development and Infrastructure Ltd (HDIL), Bank of India (BoI) on Tuesday said it will withdraw the insolvency petition against the Mumbai-based property developer. The company and its...
China Inc.’s $17 Billion Global Asset Selloff Is Far From Done
The global retreat by some of China’s biggest and most-indebted conglomerates shows no signs of stopping — even after more than $17 billion of asset sales. A unit of HNA Group Co. last week missed payments on a...
Starwood to Buy a GE Energy-Finance Business for $2.56 Billion
Barry Sternlicht’s Starwood Property Trust Inc. agreed to buy a General Electric Co. energy-finance business for $2.56 billion to expand beyond real estate holdings. The acquisition includes a roughly $2.1 billion...
Qatar-backed Katara holding buys Sahara-owned Plaza Hotel for $600 mn
The Plaza Hotel, one of New York’s most iconic buildings in which Subrata Roy-led Sahara India group has majority stakes, has been fully acquired by a Qatar government-owned fund for about $600 million, according...
Greystar to buy Education Realty in $4.6 billion deal
Education Realty Trust Inc (EDR.N), a developer of student housing, said on Monday it would be acquired by an affiliate of Greystar Real Estate Partners for about $4.6 billion, including debt. Education Realty...
RITES to buy 25% stake in IRSDC for ₹250 crore
Public sector enterprise RITES Ltd will buy a 25% stake for ₹250 crore in Indian Railway Station Development Corp. Ltd, (IRSDC), the company tasked with redeveloping 600 railway stations across the country. “The RITES...
Indiabulls PE to buy 1msqft to lease out to tech firms
IndiabullsNSE -0.21 % Private Equity would buy one million square feet in a Hyderabad IT park property for onward leasing to technology companies, marking one of the biggest pure-play investment purchases in commercial...
Gitanjali Gems: ICICI Bank places application in NCLT
ICICI Bank has filed an intervention application in the Union of India (Ministry of Corporate Affairs, or MCA) versus Gitanjali Gems (and others) case, currently being heard at the National Company Law Tribunal (NCLT)...
Sunteck Realty set to acquire Orbit-owned building in Mumbai’s Malabar Hills
Sunteck Realty Ltd is set to acquire BSE-listed troubled developer Orbit Corp. Ltd’s property Baug-E-Sara situated in the Malabar Hills area for around Rs34.20 crore. On Tuesday, Mumbai-based Sunteck Realty deposited...
Chinese lenders may take 70% in RCom’s Dhirubhai Ambani Knowledge City
China Development Bank, along with other Chinese lenders, which filed for insolvency against Rcom last month, is in advanced talks to take up 70% in development of Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai...
Sahara group hires JLL for Plaza hotel sale: Report
Embattled Sahara group has roped in real estate consultancy major JLL for finding a buyer for its iconic Plaza hotel in the US which can fetch a valuation of over $500 million, a media report said today. The Wall Street...