By Bidya Sapam
Property developer Peninsula Land Ltd plans to sell 150 acres of land in three cities to raise Rs800 crore, a top company executive said. The Ashok Piramal Group company plans to use most of the sale proceeds to bring its debt down to around Rs1,000 crore from Rs1,739 crore in… Read more »
Private equity (PE) investment in real estate is estimated to touch $7.2 billion this year, up 53% from 2015, as both residential and office assets continue to generate interest among domestic and foreign investors, according to a report by global real estate consultancy firm Cushman & Wakefield and the Global… Read more »
As part of the deal, KKR has provided additional capital of Rs 120 crore for construction and augmenting its existing facility of Rs 95 crore.
GuocoLand’s Chinese unit wins tender for four land parcels in Chongqing and Lian Beng Group Ltd strikes deal with eleven strata owners to acquire Melbourne property.
The Urban Redevelopment Authority (URA) releases two sires at Perumal Road and Toh Tuck Road under the second half 2016 Government Land Sales (GLS) programme while JTC launches two sites in Tampines and Tuas under Industrial Government Land Sales Programme.
Real estate investor Piramal Fund Management Pvt. Ltd has invested Rs750 crore in Bengaluru-based Adarsh Developers in a large debt refinancing and construction financing transaction. Of this, Rs550 crore will go to refinance existing loans and the rest will be used for working capital requirements in the company’s multiple projects…. Read more »
Novaland has sold 10 per cent of the company to 18 investors for $120 million.
Thakral Corporation expands its investment footprint into Japan with a business hotel property, First Sponsor Group and Provast work together to sell Rotterdam property and Singapore Press Holdings increases its stake in Chinatown Point Mall to 27.35 per cent.
SBS explained the decision was in line with its investment strategy to have a more diversified interests in different property holdings at a lower capital requirement and risk exposure to the company.
CapitaLand is launching a new hospitality brands to target Millennial travellers, Roxy Pacific has acquired 120 Grange Road and Singapore eDevelopment has sold off a US land parcel.