CapitaLand is selling its stake in six malls and a 50 percent share of a mall management company in India for $53.8 million, according to a statement released Friday. The Singaporean property giant is selling off its share of the… Read More>>
Logos Announces $800M India Expansion With Ivanhoe Cambridge and Quadreal
Canada’s Ivanhoé Cambridge and QuadReal Property Group are backing Logos Property’s India expansion through a joint venture that expects to invest $800 million in logistics facilities across the country, as global investors look to capitalise on India’s fast-rising industrial real… Read More>>
Allianz Sets Up $500M India Office Fund with Shapoorji Pallonji Group
German financial giant Allianz this week announced that it has partnered with India’s Shapoorji Pallonji Group to establish SPREF II, a Singapore-domiciled, Indian rupee-denominated fund that aims to raise the equivalent of $500 million for real estate investments in India.
GIC Buys $1.4B Stake in Indian Office Developer
Singaporean sovereign wealth fund GIC is making a major bet on Indian real estate by purchasing a stake in a unit of DLF, India’s most valuable real estate developer, for 89 billion rupees (around $1.4 billion).
Through the… Read More>>
Warehouse Developer Logos Enters India with $400M Logistics JV
Ivanhoe Cambridge-backed logistics developer Logos Property is making its first move into India, teaming up with a local developer to build high-end warehouses across the country. The Aussie-managed firm is partnering with Assetz Property Group, a leading developer in India’s… Read More>>
Blackstone Said in Talks to Buy $525M Indian Property Fund
Blackstone Group is reportedly in talks to acquire a $525 million India real estate fund, adding to the US private equity giant’s $3 billion of property investments in the country. The New York-based company is looking to buy ILFS India… Read More>>
Ascendas-Singbridge Launches $500M India Logistics JV
Ascendas-Singbridge has become the latest international real estate investor to bet on India’s industrial real estate sector after the Singaporean developer announced a joint venture with Bangalore-based industrial specialists Firstspace Realty.
The new joint venture, Ascendas-Firstspace, hopes to close its… Read More>>
JLL Sells India Residential Division to Former MD Anuj Puri
International property consultancy JLL is selling its India residential brokerage arm to former India head Anuj Puri. Puri, who left the firm on 28 February, has worked closely with the JLL India and Asia Pacific leadership teams to complete the… Read More>>
Canada’s CPPIB Inks $246M India Retail Deal with Phoenix Mills
The Canada Pension Plan Investment Board (CPPIB) and Phoenix Mills have teamed up to develop, own and operate retail assets across India in a deal that could see Canada’s biggest pension fund investing up to $246 million into the Indian… Read More>>
Country Garden Plans First India Project in 2017 and More Asia Real Estate Headlines
China’s third largest developer is now targetting another overseas market, as Country Garden announced plans to move into India. Also in the headlines today, China Oceanwide agrees to buy tech media group IDG, and CapitaLand has a new commercial project… Read More>>