A fund backed by Allianz Real Estate and Indian developer Shapoorji Pallonji Group has notched India’s biggest commercial real estate deal of the year as the managers of the investment vehicle have agreed to purchase a landmark Hyderabad office development… Read More>>
Blackstone Said to Buy Prime Mumbai Office Asset for $358M
US private equity firm Blackstone has acquired a grade A office building in Mumbai for Rs 2,500 crore ($358 million), in one of India’s biggest office property deals this year, according to local media reports.
Owned and developed by Mumbai-based… Read More>>
Warburg Pincus-Backed Lemon Tree Buys Indian Rival Keys Hotels
Warburg Pincus-backed Lemon Tree Hotels has entered into a preliminary agreement to purchase Keys Hotels, a unit of New York’s Berggruen Hotels, according to a stock exchange filing by the New Delhi-based company.
Should the transaction take place, it would… Read More>>
Brookfield Buying India’s Leela Hotels for $576M
Canada’s Brookfield Asset Management has agreed to purchase a set of four hotels, a hospitality development project and branding rights to one of India’s elite hotel chains from Hotel Leela Venture for INR 39.5 billion ($576 million), according to a… Read More>>
KKR Invests $102M in Embassy Group’s Latest India Office Project
Private equity giant KKR this week announced an INR 7.25 billion ($102.5 million) investment a premium office complex by Bangalore-based developer Embassy Group in the Indian firm’s tech-driven home town.
KKR is backing an Embassy project to develop one million… Read More>>
Institutional Investment in Indian Real Estate Hit Record $5.5B in 2018
Institutional investment into India’s real estate sector is estimated to have reached its highest annual level in ten years in 2018, driven by a mix of steady economic growth and ongoing policy changes, according to a report by property consultancy… Read More>>
CPPIB JV Sells Chennai IT Park to Mapletree for $187M
Mapletree Investments has purchased an information technology park in Chennai, India, from the Canada Pension Plan Investment Board and its Indian partner for C$250 million ($187 million) as part of the Singaporean property developer and fund manager’s plan to expand… Read More>>
Allianz, ESR Join Forces for $1B India Logistics Venture
Allianz is contributing half of the equity for an initial $225 million capitalisation of a joint venture with Asian warehouse development specialist ESR to acquire logistics facilities in India, according to an announcement by the German insurer on Friday.
The… Read More>>
Mapletree Said to Buy Chennai Office Park for $350M and More Asia Real Estate Headlines
India stars in today’s collection of real estate headlines from around the region with a Singaporean investor said to have concluded a deal for an office park in Chennai and Blackstone reportedly closing in on a deal for a commercial… Read More>>
Blackstone Nears $286M India IT Park Sale in Run-Up to $1B REIT IPO
Blackstone is close to selling a pair of business parks in Pune, India to Indian private equity firm Xander Group for 20 billion Indian rupees ($286 million), according to a report in the Business Standard.
The US private equity giant’s… Read More>>
