Asia real estate and outbound investment news
Private equity giant Blackstone and Bangalore’s Embassy Group are getting ready to list India’s first real estate investment trust as they target a $1 billion September IPO for a joint venture business park porfolio.
The New York-based investment group and… Read More>>
Global real state developer Hines plans to sell its 50 percent stake in its first project in India, a premium commercial tower outside of New Delhi, in a deal estimated to fetch around 11.8 billion rupees ($175 million).
A Hines… Read More>>
Singapore’s Ascendas-Singbridge Group today announced a new S$400 million ($300 million) investment programme with government giant Temasek Holdings to develop a portfolio of as much as 15 million square feet (1.39 million square metres) of industrial real estate projects in… Read More>>
The Indian arm of US co-working giant WeWork is reported to be in early-stage talks with investors including Goldman Sachs and Warburg Pincus to raise up to $200 million, a move that could boost WeWork India’s valuation to as much… Read More>>
Amazon will soon have a new landlord in India’s fourth largest city, as Ascendas India Trust announced today that it is acquiring seven buildings in a business park in Hyderabad.
The Singapore-listed affiliate of developer Ascendas-Singbridge is paying a combined… Read More>>
Ascendas India Trust is making its maiden tech park investment in the rising corporate hub of Navi Mumbai, by agreeing to buy up two buildings under development in a deal worth up to S$186 million ($139 million).
The Singapore-listed property… Read More>>
GIC is ramping up its exposure to Indian real estate, with an investment firm managed by the Singaporean sovereign wealth fund buying a stake in Mumbai-based developer Godrej Properties Ltd for about Rs 1,000 crore ($150 million).
Godrej Properties said… Read More>>
KKR India real estate chief Ashish Khandelia is said to be leaving the US private equity firm to start his own business, according to an account this week in Singapore-based Dealstreet Asia.
Khandelia would be leaving the US buyout giant… Read More>>
Singapore’s collective sale gold rush leads today’s news roundup, with another en bloc housing site changing hands near the city’s downtown core for $262 million. And further north in the city-state, a residential site has gone on sale with a… Read More>>
Leading today’s roundup, WeWork’s joint venture in India is poised to lease 2.1 million square feet of space for up to 22 new centres in three cities, as the US-based flexible office giant seeks an edge over local rival CoWrks…. Read More>>
