Madhurima Nandy

India: Piramal-Ivanhoe fund cuts first deal with $70m investment in Lodha township

In February 2017, PEL had announced a strategic co-investment fund with Ivanhoé Cambridge to provide long-term equity capital to select developers.

Singapore players ramp up investments, diversify India real estate portfolio

Singapore’s GIC, Temasek Holdings, Mapletree Investment and CapitaLand have invested across asset classes.

Singapore’s Ascendas-Singbridge to set up co-working spaces in India

In the last 20 years, Ascendas-Singbridge has built 16 million sq. ft of office assets across information technology (IT) parks in six cities in India.

Singapore’s Mapletree to invest in logistics assets in India

Mapletree has just concluded the acquisition of Chennai-based information technology park SP Infocity for around ₹2,400 crore, marking its return seven years after it had made its first and only investment in the country.

Ascendas-Firstspace venture buys warehousing assets in Chennai for $120m

Besides Chennai, the joint venture is looking at Mumbai, NCR, Pune, Bengaluru and Ahmedabad, and aims to develop a portfolio of 15 million sq. ft.

Blackstone close to buying 50% stake in Indiabulls’ two office projects

In November, Indiabulls had said that it was selling a stake in two Gurugram office projects, but had not disclosed the investor’s name.

Lodha Developers plans to raise up to $704m from sale of UK assets, PE route

LDL is selling its equity interest in the two UK assets for about Rs4,200 crores – this will bring significant cash into LDL and strengthen its balance sheet.

Indian realty firms keen on partnership deals as times get tough

Collaboration among developers is the only way to survive in the current scenario, as the sector inches towards consolidation.

Altico Capital invests $79m in Bengaluru real estate projects

It has backed projects of Assetz Property Group and a plotted development project of Century Real Estate Holdings Pvt. Ltd.

India’s HNIs eye booming office space with entry of REITs, large funds

HNIs are not only buying office space in large commercial complexes directly from developers. They are also investing through fund houses, which buy rental assets, and are eyeing REITs that are expected to make such investments secure and yield better returns.