In February 2017, PEL had announced a strategic co-investment fund with Ivanhoé Cambridge to provide long-term equity capital to select developers.
Singapore’s GIC, Temasek Holdings, Mapletree Investment and CapitaLand have invested across asset classes.
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.
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.
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.
In November, Indiabulls had said that it was selling a stake in two Gurugram office projects, but had not disclosed the investor’s name.
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.
Collaboration among developers is the only way to survive in the current scenario, as the sector inches towards consolidation.
It has backed projects of Assetz Property Group and a plotted development project of Century Real Estate Holdings Pvt. Ltd.
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.