K Raheja Corp, a well-known developer along with the Blackstone Group, a US private equity firm have signed the deal to raise approximately $500 million by listing their jointly owned commercial business as a real estate investment trust (REIT), sources said. In Indian rupees, the companies will raise nearly over Rs. 3,500 crores. Under this […]
Continue ReadingAscendas India, a property fund Trust is soon going to purchase an office space in north Bengaluru for Rs. 750 crores. This office premises cover 1 million sq ft area and is said to be this year’s biggest commercial office deal in the India real estate market. The company offers funding to the Singapore-based real […]
Continue ReadingIn a major development, it has been revealed that the American private equity major Blackstone Group and real estate developer K Raheja Corp are all set to list India’s second REIT. Both the groups are planning to jointly list their 20 million sq ft commercial portfolio in the market. The first Blackstone-Embassy Park REIT was […]
Continue ReadingPhoenix group a real estate firm Real estate company bought back 50% shares from the Embassy group. These stakes are taken back in three special economic zones (SEZs) that are located in Hyderabad. However, the amount of these bought back shares are not yet to be disclosed. In the next five years, the total investment […]
Continue ReadingKIAFL (KKR India Asset Finance Limited) – The real estate NBFC arm of the leading global investment firm KKR has recently invested Rs 725 crore in the commercial project of renowned realty firm Embassy group located in Bengaluru. It will be premium office space that comprises of Grade ‘A’ office spaces for leading corporates. KIAFL […]
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In a bid to seal Asia’s largest real estate investment the Singapore’s CapitaLand is going all out to buy Ascendas-Singhbridge for worth $4.4 billion from state investor Temasek. This deal will also make CapitaLand a Singapore-based company the biggest manager in Asia’s real estate investment market. The company is all set to purchase all the […]
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