Asia real estate and outbound investment news
India’s 100 richest real estate tycoons combined have more wealth than China’s richest property baron, China Evergrande Group chairman Xu Jiayin, but not by much.
A recent survey of India’s wealthiest property industry players finds that a set of one… Read More>>
At the top of today’s real estate news from around the region, Singaporean developer Ascendas-Singbridge is stepping up its commitment to India’s industrial market with a pair of acquisitions by its India logistics joint venture, while in mainland China, the… Read More>>
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>>
Singaporean developer Keppel Land announced on Monday that its India joint venture has agreed to acquire a 3.09 hectare (7.635 acre) site in Bangalore for development of an INR 10.4 billion ($143.3 million) mixed-use development.
The 1.18 million square foot… Read More>>
Singapore’s GLP jointly announced a long-term partnership with India’s largest industrial real estate company, IndoSpace, on Monday, September 24th.
GLP will partner with IndoSpace across fund management as well as developing and operating logistics assets. It will also co-invest in… Read More>>
GIC is acquiring a minority stake in Provenance Land, the developer of India’s first Four Seasons hotel, according to a statement on August 22nd by the Singaporean sovereign wealth fund.
Sources familiar with the deal, as cited in India’s Economic… Read More>>
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>>
An estimated $47 billion worth of housing projects in India are experiencing delays of from two to eight years, according to a report published yesterday by a property research firm. In total, 600 million square feet (56 million square metres)… Read More>>
Blackstone is transferring more investments into India’s first real estate investment trust just ahead of the proposed initial offering. The US investment giant’s local partner in the pioneering real estate deal, Embassy Group, is said to also be tweaking its… Read More>>
Ascendas India Trust is continuing to expand its Hyderabad holdings, as Ascendas Property Fund Trustee, the trustee-manager of the Singapore-listed trust, announced this week that it had entered into an agreement to purchase two to-be-completed buildings in the HITEC City business park… Read More>>
