India: Realty firm Puranik may raise $33m from IndoStar Capital

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NBFC Indostar Capital is backed by Everstone Capital.

Photo: Livemint

Singapore: Perennial leads 70% stake sale in TripleOne to unit of HK listed firm

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Perennial is leading a consortium to divest their stake in TripleOne Somerset and sell it to Hong Kong’s Shun Tak Group.


China’s HNA picks HK land parcel for $713m

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HNA Group Co Ltd, owner of Hainan Airlines Co Ltd, will pay HK$5.53 billion ($713 million) for residential land in Hong Kong, the Chinese conglomerate’s second major purchase in the city in the last three months. In November, a subsidiary of HNA Group agreed to pay HK$8.8 billion for 11,300… Read more »


Singapore: Frasers expands footprint in Indonesia

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Frasers Hospitality has launched a new serviced residence in Kuningan, expanding its footprint in Jakarta.


GIC leads $1.04bn NYC office tower investment

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The building serves as the US headquarters of Deutsche Bank


China Evergrande gets HK bourse nod for spin-off of property assets

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The move paves way for a backdoor listing of those assets in Shenzhen.


India: Blackstone eyes Mumbai office space; Shapoorji Pallonji to buy 51% in Gopalpur port

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Blackstone is looks to buy space in Mumbai office building for $125 million, while Shapoorji Pallonji Group will buy 51% stake in Gopalpur port. Blackstone looks to buy space in Mumbai office building for $125m Global private equity major Blackstone Group is in discussions to acquire six floors in First International Financial Centre (FIFC) Tower in Mumbai for over… Read more »


India Digest: Parinee Group, Marvel Realtors raise funds; TRIL buys toll road from SMS Infra

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PNB Housing has agreed to invest $44m in Parinee Group project, while Marvel Realtors has raised $22m from Piramal Fund Management. Also, Tata Realty and Infrastructure Ltd has acquired the Chattisgarh-based Durg Bypass road project. PNB Housing to invest $44m in Parinee Group project Carlyle Group-backed PNB Housing Finance has agreed to invest over Rs 300 crore ($44… Read more »


Indonesia: Ciputra Group completes merger

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Ciputra Group has completed the highly-anticipated merger between its three publicly-listed companies.


SG Realty: Advanced Holdings to acquire Agricole; CIT divests Ubi property

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Advanced Holdings id discussing the acquisition of Agricore Global in an RTO deal and CIT is divesting an Ubi property.