India: Piramal Fund to lend $52m for Ozone’s township project

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Piramal Fund Management Pvt. Ltd has sanctioned Rs360 crore for realty firm Ozone Group’s 150-acre mixed-use Urbana township project in north Bengaluru, which will help the developer refinance existing loans. The structured debt transaction will help Ozone give a full exit to Urban Infrastructure Venture Capital Ltd from the project,… Read more »

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India: Shapoorji Pallonji to acquire 100-acre land bank in affordable housing push

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Mumbai-based developer Shapoorji Pallonji Real Estate plans to buy up to 100 acres across India for about Rs750 crore in the next one year to expand its affordable housing business, a top company official said. The company is close to signing two land deals of 15-25 acres each in Maharashtra… Read more »


India: Alpha Corp plans Mumbai entry with up to $291.3m investment

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In Mumbai, Alpha Corp. is actively looking at joint development opportunities, with an area sharing arrangement and other options


Piramal Fund to finance Indian office, retail assets

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Piramal Fund Management Pvt. Ltd, one of the largest lenders and investors in residential real estate, plans to finance completed commercial projects, including office and retail assets, through a flexible lease rental discounting (LRD) model, as part of its strategy to diversify into commercial realty. Piramal has identified an initial… Read more »


Two Philippine property firms to raise $359m via share, bond sales

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Two Philippine companies involved in the property sector announced on Tuesday plans to raise a combined $358.7 million from the capital markets next year to fund expansion plans. This comes at a time when President Rodrigo Duterte has vowed to raise infrastructure spending to boost growth, generate jobs and reduce… Read more »


CapitaLand to launch $500m Vietnam fund targeting commercial property

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Property developer CapitaLand is launching a US$500m fund targeting commercial investments in Vietnam.


HK’s H&Co, Mya Bay work on $200m realty project in Myanmar

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Hong Kong’s H & C Real Estate and Myanmar’s Mya Bay Development Company is starting the implementation work of $200 m Platinum Pathein project.


Greenland HK raises $300m for real estate fund with Kuwaiti investor

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Greenland Hong Kong Holdings Ltd said its $8 billion real estate fund co-established with Kuwait Strategic Investor has raised $300 million in the first phase, but it has shelved plans to buy a stake in a luxury New York City development from its Kuwait partner. The Shanghai-based developer, a unit… Read more »


India: Donald Trump’s firm signs deal for Kolkata real estate project

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Trump Organization, the New York-based business venture of US president-elect Donald Trump, has signed a deal with real estate firm Unimark Group in Kolkata for a residential project, is in talks for a second project in Pune and plans to tap opportunities in office real estate across large cities, multiple… Read more »


SG Realty: CapitaLand’s new malls; GYP buys NZ land; Tanjong Pagar shophouses on sale

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CapitaLand is opening eight new malls in 2017, Global Yellow Pages has purchased land in New Zealand and Tanjong Pager shophouses are up for sale.