By Joyce Lee
The REIT being considered could acquire around 40 Homeplus hypermarkets in South Korea.
HNA Investment Group Co Ltd will sell a subsidiary focused on property assets to developer Fusheng Group
At present, the company is investing the real estate space through its third fund for which it raised over Rs 1,000 crore last year.
LOGOS Group and Assetz Property Group had partnered to set up a logistics platform that would invest in specialized industrial parks in India.
Allianz Real Estate already has exposure to the logistics sector in Australia, China, Japan and Korea. In fact, it has upped its exposure to the e-Shang Redwood (ESR) backed logistics fund in Japan this year.
The Japan deal follows a string of international deals worth over $3.5 billion that Revolution Precrafted has sealed so far this year.
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.
The sale is aimed at raising the value of its wholly-owned unit, Shinko Real Estate Co Ltd, and not to raise cash after its widespread data tampering scandal.
The 740-room Biltmore was bought by GIC through its subsidiary ABR Properties LLC in 2013.
The 8 lakh sq. ft. luxury housing project is being converted into a 50-storey office building and renamed as ‘Parinee Eminence’.