By Madhurima Nandy
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.
The sale along with Tuesday’s deal to sell its stake in Spain’s NH Hotel for $726 million brings the total amount of disposals for the Chinese conglomerate this year to over $14.5 billion
The company intends to hold the site for investment purpose before any potential redevelopment due to its prime location.
Temasek and Ascendas-Singbridge have committed $300m to invest in logistics and industrial real estate in India.
The new fund will focus on seed and Series A investments, as well as select later stage rounds
BLand said, it was selling off the entire 32.5% of total capital contribution in BVFC to Vinhomes and its arm.
The fund will focus on residential projects across Mumbai, Bengaluru, NCR, Pune, Chennai and Hyderabad, and is likely to be deployed within the next 18 months.
The Jersey City tower is part of a complex near the Hudson River waterfront known as Trump Bay Street.
Savills also plans to raise a pan-Asia fund this year, aiming for at least $1 billion in AUM and high single-digit returns. It will focus on the developed market and offices.