By Padma Priya
Xander will finance the development of the Hyderabad office project over the next few years and, once it is completed, will acquire the asset. It is a “develop-to-core” strategy, where the investor funds a development project and stays on until it becomes a rent-yielding, stabilized asset.
Since January, HNA has sold or agreed to sell over $20 billion worth of assets, including real estate in Sydney, New York and Hong Kong.
Shapoorji plans to monetize about 100 acres of land over the next two years to raise about Rs 2,000 crore, bulk of which will be used to repay debt.
Trent Ltd is close to buying around 120,000 sq. ft of space at a Lodha group property coming up at Wadala in central Mumbai .
Fosun has acquired the Royal Exchange in the City of London while Gaw Capital will be buying a portion of the Harbour Exchange.
Founded in 2012, co-work space operator Collective Works currently has two locations in Singapore.
With low-cost homes not fetching enough margins and luxury homes not finding buyers, builders have found a sweet spot in mid-income housing.
The acquisition adds to Mapletree’s current Europe and US investments in student accommodation, serviced apartments, commercial properties and data centres.
The fund, which has received capital commitments from the NPS and Korea Post, will invest in office, retail, mixed-use and logistics real estate.
IGIS Strategic Fund I, which closed approximately 12 months after marketing,
The acquisitions are part of a strategy to broaden asset and earnings base in Japan.