By Mars Woo
A Singapore court has ordered PropertyGuru to pay rival 99.co an equivalent of 40% of its legal costs acquired as a result of a copyright infringement lawsuit involving the two.
Gaw follows the moves of foreign investors Bain Capital, Blackstone and Oaktree Capital.
At present, Ascendas India Trust operates around 12.6 million sq. ft of office space in Bengaluru, Mumbai, Pune, Chennai and Hyderabad.
GIC will also be acquiring a minority stake in Nova as part of the agreement.
The Kanakia group is looking to utilize the land either for mixed used development or building residential projects.
Blockchain-powered real estate investment portal BitofProperty has secured funding from Japanese real estate and housing information services provider LIFULL.
GIC said the joint venture will acquire Kumho Asiana Main Tower, located in the centre of Gwanghwamun, from Asiana Airlines’ parent company Asiana Group.
The developer now plans to focus on its premium projects and expand on its own in India following its separation from local partner MGF Developments Ltd.
Tahoe Group said the fund will be used to make investments in and for acquisitions of real estate projects.
Adia bought the Olympic hotels portfolio in 2013 as part of the 31 properties, accounting for 4,097 rooms, it acquired from Sydney-based Tourism Asset Holdings.