By Moxy Ying
Hong Kong’s government has announced the first sale of commercial land in the city’s central business district in more than 20 years. The site, currently used as a multi-story car park in Murray Road, Central, is about 31,000 square feet, according to a government statement released late yesterday. The plot is… Read more »
Altico has been actively investing in Delhi and the adjoining regions. It has deployed over a Rs 1000 crore ($147 million) in the NCR market having closed transactions with Vatika, SARE Homes and now Panchsheel.
Vista Land plans to use the proceeds for its 2017 capital expenditures, refinance its existing indebtedness, and for other general corporate purposes.
SG Realty: Keppel Land China divests stake in Wuxi project for S$127m; KLW sells Melbourne property for A$34.2mBy Team DealStreetAsia
Keppel Land China has exited its stake in a JV firm in Wuxi, while KLW has sold a Melbourne property.
Yanlord Land Group has acquired Nanjing land for constructing an integrated development, while Swee Hong Limited is selling a Choa Chu Kang property to Hone Ee Corporation.
Lum Chang Holdings has sold a hotel in London for £13.78 million, Global Logistics Properties secures land for logistics development in Japan and Global Yellow Pages receives approval to build 225 houses in New Zealand.
The Securities and Exchange Board of India (Sebi) on Monday said that investment managers of real estate investment trusts, or REITs, should project the fund’s revenues and property-wise operating cash flows for at least three successive years in its offer documents. The capital markets regulator also said that the managers… Read more »
Investors across the globe shopped for some of the best malls across Indian cities this year, signalling an increasing interest in retail real estate as they bet on long-term gains from the country’s booming consumer economy. Marquee investment and pension funds such as Blackstone Group Lp, GIC , APG Asset… Read more »
The investment is facilitated by Lemon Grass Master Fund, a Cayman Island-incorporated investment vehicle which had earlier invested $37 million in SonKim Land in 2013.
Altico Capital India has emerged as an active investor in the Indian real estate market. It recently invested round Rs100 crore ($15 million) in a residential project of Mumbai-based Rajesh Lifespaces.