By Juliet Shwe Gaung
With the Ropemaker Place deal, Ho Bee Land’s investment portfolio in London now stands at $1.7 billion.
The smart city project, which covers 270 ha in north of Hanoi, is expected to commence in the third quarter this year
A-HTrust is deepening its presence in the Japanese city of Osaka with a strong hospitality market.
The fund will focus on acquisition of assets in key gateway cities such as Hong Kong, Singapore, Seoul, Shanghai and Sydney.
British Land and Singaporean sovereign fund GIC jointly owned the 700,000 sq ft property.
The development adds to a spate of deals in the world’s priciest office market.
Blackstone has raised $7.1 billion for its second Asia real estate fund and another $2.3 billion for its first Asia PE fund.
The building is expected to be sold for around W787 billion ($730 million) because of its prime location. The bidding price is expected to go up with the participation of foreign investors.
The sale of Hines’ share in the 800,000 sq. ft office tower may fetch around ₹700-800 crore.
Embassy and Blackstone are reportedly likely to launch India’s first REIT, with the filing of the draft prospectus expected by June.