Search Results for:Madhurima Nandy
Embassy Office Parks is placing top commercial assets across India under a real estate investment trust (REIT) it is creating to raise $1 billion.
Piramal Capital is also planning to aggregate non-real estate, rent-generating assets, across sectors such as road or logistics, under a platform and may list it through an infrastructure investment trust (InvIT).
Private equity inflows in real estate rose 15% year-on-year to $2.6 billion in the January-March quarter, eclipsing the first quarter of the past 11 years, said property consultancy Cushman and Wakefield.
Property consultants said the inability to find large projects and challenges of dealing with local bodies have delayed their plans. Besides, the Chinese government recently curbed outbound investments in sectors like real estate.
The plan is to add six office assets on the platform within the next three to six months
The sale of Hines’ share in the 800,000 sq. ft office tower may fetch around ₹700-800 crore.
Its first fund—Cerestra Edu-Infra Fund—was a domestic alternate investment fund (AIF) that raised around Rs1,000 crore and bought out income-generating assets in the education-infrastructure space.
Embassy Office Parks, the first to register a REIT with SEBI last year, has delayed its application for a listing till June, following uncertainty over including a key asset in the trust.
NBFCs are aggressively lending to residential projects leading to downward pressure on rates, making it challenging for local PE funds.
This is the first acquisition after CPPIB earlier this month said it has invested an additional Rs938 crore in Island Star, a platform it co-owns with Phoenix Mills.