Steady rentals, high absorption levels and limited supply, have contributed to the commercial real estate market in India witnessing an improved sentiment. This segment has witnessed a surge, relative to other real estate asset classes, on account of the growth in the IT/ITeS, BFSI and consulting sectors and the growth of high-potential start-ups. There has… Read More »
Reliance AIF Asset Management Co. Ltd is raising a Rs 1,000 crore rental yield fund, its first initiative to buy and own office projects. Besides Reliance AIF’s fund, two more such office investment funds are expected to launched this year. Reliance AIF, a unit of Reliance Nippon Life Asset Management Ltd, launched the fund in… Read More »
There is strong demand in the Australian cities of Melbourne and Sydney, as well as in Bangalore in India and Bangkok, especially in their central business districts (CBDs). Other cities such as Ho Chi Minh City, Manila and Hong Kong continue to hold steady in terms of rental outlook, the survey found. Among the top sectors fuelling… Read More »
Blackstone Group is readying a new Asia-focused real estate fund that aims to raise a record $5 billion or more, betting on strong returns from property investments in the region, people familiar with the plans told Reuters. The world’s biggest alternative asset manager will likely launch the fund in the next 12-16 months, the people… Read More »
Private equity major Carlyle Group-backed mortgage lender PNB Housing Finance has entered into an agreement to invest over Rs 300 crore in realty developer Parinee Group’s commercial project, said two persons familiar with the development. The total funding, to meet project expenses, will be provided in stages and the tenure of the facility is four… Read More »
US private equity major Blackstone Group is in advanced talks to acquire over 3.60 lakh sq ft spread over six floors in First International Financial Centre (FIFC) Tower in Mumbai’s business district Bandra-Kurla Complex for over Rs 850 crore, said three persons familiar with the development. FIFC has been developed by a consortium of US-based… Read More »
Office space absorption in Delhi-NCR declined by over 8 per cent last year due to sharp fall in supply but the situation is expected to improve in 2017 with a completion of several commercial projects, according to a property consultant. According to the data, office space leasing stood at 8.6 million sq ft during 2016… Read More »
Commercial real estate absorption is likely to be affected with the software industry body Nasscom lowering IT export growth target to 8-10% for 2016-17 amid global macroeconomic headwinds, including the fallout of Britain’s exit from the European Union as well as Donald Trump’s victory in the US presidential polls. At the start of the year,… Read More »
DSG, Inc., leading provider of eClinical technology solutions, data management, professional services and customer support recently opened a new office in Bangalore, India, to accommodate rapid growth and better serve client needs. DSG’s Bangalore office will complement its existing facility located in Noida, India. DSG Bangalore’s state-of-the-art facility will occupy a floor in the Prestige Shantiniketan… Read More »
Demand for office space in Hyderabad outpaced supply in 2016, surging to the highest level since 2011 as large multinational firms expanded their presence in the city. According to a property consultancy firm, about 5.6 million sq ft of office space was leased in the city during the year, up 37% from a year ago.… Read More »