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>>
Ascendas-Singbridge Reveals $300M India JV with Temasek, Said Close to UK Deal
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>>
WeWork India Said in Talks with Goldman, Warburg Pincus, GIC to Raise $200M
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… Read More>>
Ascendas India Trust Buys Amazon’s Hyderabad Home in $200M Deal
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 Inks $139M Deal for Mumbai-Area Tech Park Projects
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 Picks Up $150M Stake in Godrej Properties, Boosting India Bet
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 Head Said Leaving to Start New Business
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 Asia Gardens Site Sells for $262M and More Asia Real Estate Headlines
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>>
WeWork Expanding India Co-Working JV to 22 Centres and More Asia Real Estate Headlines
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>>
IndiGo Air Owner Said to Bid $277M for Hyderabad Project and More Asia Real Estate Headlines
Leading today’s roundup, the owner of India’s top airline is said to be offering over a quarter-billion dollars for a sprawling office complex in Hyderabad that is jointly owned by Singaporean sovereign wealth fund GIC and US developer Tishman Speyer…. Read More>>
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