Singapore sovereign giant GIC has agreed to pay INR 7.52 billion ($88.2 million) for a 35 percent stake in a new investment platform for upscale hotel assets in India.
The partnership with Samhi Hotels Ltd is acquiring a seed portfolio… Read More>>
Hines Promotes India Investment Head Ankur Gupta to Managing Director
US builder and fund manager Hines announced a set of promotions for its India team this week, led by the elevation of Ankur Gupta to managing director and head of investments in the world’s most populous country.
Mumbai-based Gupta, who… Read More>>
Iron Mountain Takes Over Indian Data Centre Group Web Werks
Iron Mountain has acquired 100 percent ownership of joint venture partner Web Werks, giving the US records storage giant complete control over the Mumbai-based company’s 14-megawatt portfolio of six data centres in India.
Web Werks Data Centers India was rebranded… Read More>>
Blackstone Buying 40% of India’s Kolte-Patil Developers in $134M Residential Bet
Blackstone has agreed to acquire a 40 percent stake in Indian builder Kolte-Patil Developers for INR 11.7 billion ($134 million), marking the first investment in residential real estate by the private equity titan in one of its favourite markets.
Funds… Read More>>
Blackstone Seeking to Raise $710M From Fourth India REIT IPO
Blackstone filed a draft prospectus Thursday for the private equity titan’s fourth India REIT, with the US firm and co-sponsor Sattva Group seeking to raise INR 62 billion ($710 million) from the office trust’s initial public offering.
Dubbed Knowledge Realty… Read More>>
CapitaLand India Trust to Buy Bengaluru Offices for $170M After Funding Project
Singapore’s CapitaLand India Trust has agreed to the forward purchase of an office project at a Bengaluru commercial complex developed by local builder Maia Group.
CLINT will fully fund development of the office project in the northern suburb of Nagawara… Read More>>
Hilton Continues India Expansion With Deal to Open 75 Hampton Hotels
Hilton Hotels and Resorts continues to expand its India footprint, with the US hotel giant announcing late last week that it will open 75 Hampton by Hilton hotels in the world’s fifth-largest economy.
Ranked third globally by the number of… Read More>>
Hines JV to Develop Condo-Led Complex on Delhi’s Birla Mills Site
US builder Hines has joined a trio of Indian partners to develop a residential-led mixed-use complex on the site of a former cotton mill in Delhi.
The project will feature 3 million square feet (278,709 square metres) of condo residences… Read More>>
China Housing Market Declines Further in January and More Asia Real Estate Headlines
China’s housing market continues to slide despite stepped-up efforts to boost sentiment, with that story leading today’s headline roundup. Also making the list, WeWork India files for an initial public offering and Brookfield India REIT reports a rise in leasing.
India’s Mindspace REIT Buys Slice of Qualcomm’s Hyderabad Home for $240M
India’s Mindspace Business Parks REIT is set to pay INR 20.38 billion ($240 million) to acquire two-thirds of a Hyderabad office building, in a deal which will make the capital of Telangana state its largest market by area.
In an… Read More>>
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