Asset managers Blackstone and Brookfield are said to be acquiring, in a pair of unrelated deals, a combined INR 1,450 crore ($211 million) of real estate in Mumbai, after private equity investment in India’s property market hit almost $4 billion… Read More>>
Sumitomo Buying India’s Most Expensive Land Parcel for $323M
Japanese conglomerate Sumitomo Corporation is poised to buy the most expensive plot of land ever sold in India, according to local media.
The Tokyo-headquartered conglomerate, which has completed 300 real estate projects globally at a value of $30 billion, submitted… Read More>>
New HK Office Leases Drop 30% in March and More Asia Real Estate Headlines
China’s first quarter surge of liquidity is already helping to boost mainland home prices, but relief may not yet have spread beyond its borders, judging by reports from around the region this week. In Hong Kong, a paucity of mainland… Read More>>
India’s 100 Richest Property Tycoons Worth 4% More than China Evergrande’s Xu Jiayin
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>>
Evergrande Approved to Raise RMB 2.25B in ABS and More Asia Real Estate Headlines
China’s drive to reduce leverage has been in the headlines since last year, but not everyone seems to have heard the news, as developer China Evergrande Group just was approved to add more than $350 million in new debt in… Read More>>
GIC Buying Paris Office Tower for $539M and More Asia Real Estate Headlines
Singapore’s lust for European real estate assets opens a new chapter this week with news that the city-state’s sovereign wealth fund has spent more than half of a billion dollars to buy an office building in the City of Love…. Read More>>
GIC Buys Stake in Mumbai Four Seasons Developer for Reported $143M
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>>
Singapore’s GIC Said Buying Up to 50% of Mumbai Developer for $147M
In its fourth major Indian deal in less than a year, Singapore’s GIC is set to purchase up to 50 percent of Mumbai-based developer Provenance Land for 10 billion rupees ($147 million), according to a report in the Economic Times.
Blackstone Said Buying $1.3B Mumbai Office Stake and More Asia Real Estate Headlines
India continues to be a hub of activity for US private equity real estate investors, with reports emerging today that Blackstone is set to invest another $1.3 billion in a set of Mumbai office assets. Also in the news, Brookfield… Read More>>