Prologis Inc, a warehouse-focused real estate income trust (REIT), said on Monday it would acquire peer Duke Realty Corp for about $26 billion, including debt, in an all-stock deal, making it one of the largest...
HDFC, HDFC Life insurance acquires stake in Xanadu Realty
India’s largest private sector mortgage lender Housing Development Finance Corporation (HDFC) and its subsidiary HDFC Life Insurance Company has acquired a stake in a real estate business accelerator firm Xanadu Realty...
Prologis offers to buy Duke Realty in $23.7 billion deal as warehouse demand soars
Prologis Inc, a warehouse real estate company, said on Tuesday it had offered to buy its smaller peer Duke Realty Corp in an all-stock deal valued at $23.7 billion, as it looks to benefit from the booming demand for...
NCLT initiates insolvency proceedings against a group company of realty developer ATS
The Delhi bench of the National Company Law Tribunal has initiated bankruptcy proceedings against Anand Divine Developers Pvt Ltd, a group company of realty developer ATS over dues of Rs 25 crore. According to the NCLT...
HDFC Capital to buy 7.2% stake in realty start-up Loyalie IT Solutions
HDFC on Thursday said it will acquire 7.2 per cent stake in proptech start-up Loyalie IT Solutions Pvt Ltd for Rs 1.1 crore. Founded by Akhil Sharaf in 2018, Loyalie, which has recently been renamed as Reloy, has been...
Data center firm Digital Realty to buy majority stake in Africa’s Teraco
Data center operator Digital Realty Trust said on Monday it would acquire a majority stake in Africa-based Teraco, valuing it at about $3.5 billion, in a bid to expand internationally as the pandemic fuels demand...
Realty developer True Habitat raises Rs 30 crore from CSL Finance
Realty developer True Habitat has raised Rs 30 crore from CSL Finance to acquire over 4.16 acres of prime land in Gurgaon’s Sector 79. The company plans to develop a group housing project under the Haryana government’s...
Alliance Group raises Rs 165 crore from Kotak Realty Fund
Chennai-based real estate firm Alliance Group has raised around Rs 165 crore from Kotak Realty Fund against an ongoing residential project in Chennai. The structured debt deal is against an affordable housing project...
Tata Realty buys out Actis’ equity stake in project Intellion Square in Mumbai
Realty developer Tata Realty & Infrastructure Ltd (TRIL) has bought out the entire equity stake held by global investor Actis’ affiliate Actis TREIT Holdings No. 2 (Singapore) in its commercial project Intellion...
Bharti Realty ties up with Honeywell to improve indoor air quality at office complex
Bharti Realty has tied up with Honeywell to help improve indoor air quality (IAQ) in company’s real estate portfolio in National Capital Region. The company will help improving indoor air quality at Airtel Centre...
SEZ stake sale: GMR receives Rs 1,692 cr from Aurobindo Realty
GMR Infrastructure Limited on Friday said it received Rs 1,692 crore as first tranche of consideration towards the sale of equity owned by its subsidiary GMR SEZ and Port Holdings Limited of its entire 51 per cent stake...
Kite Realty, Retail Properties to merge in $7.5 billion deal
Kite Realty Group Trust said on Monday it will buy rival Retail Properties of America Inc for about $2.8 billion to create one of the top five shopping center real estate investment trusts in the United States. Retail...