India’s real estate is back on the radar of global investors and institutions with the country emerging as the other significant investment option in the wake of China slowing down, said Henry Chin, head of research for Asia Pacific at property advisory firm CBRE. “The Modi government has played the role of a very good catalyst… Read More »
China Vanke Co Ltd said it and partners are in talks to acquire some commercial property firms from Blackstone Group LP and other third parties for 12.9 billion yuan ($1.9 billion). The disclosure is a more detailed response by Vanke, currently mired in a high-profile corporate power struggle, to enquiries from the Shenzhen bourse after criticism… Read More »
Blackstone, largest alternative assets manager in the world, is is exploring options to separately list its mall properties in the country as a real estate investment trust (Reit), said a source in the know. Blackstone owns three malls in the country, with a total area of two million sq ft. It wishes to buy more, said… Read More »
Blackstone Group, GIC of Singapore and Brookfield Asset Management have fired slightly over $1-billion separate bids to acquire a 40% stake in DLF’s commercial property unit that owns rent-yielding assets. The three heavyweight investors are among those who made offers as the deadline for filing bids ended last weekend, sources directly familiar with the matter… Read More »
India’s largest real estate firm DLF is expecting to receive expressions of interest from prospective investors for the sale of its promoters’ 40% stake in the company’s rental arm DLF Cyber City Developers (DCCDL) over the next two weeks. It plans to finalise the buyer over the next two months and close the transaction latest… Read More »
After bulge bracket mall deals by Blackstone and GIC in Mumbai, global investors Canada Pension Plan Investment Board (CPPIB) and Macquarie are looking to buy malls in the country, said executives involved in the talks. “CPPIB has started talking to mall owners while Macquarie has shown interest in buying malls. All these investors prefer fixed yields.… Read More »
Blackstone, with over $330 billion assets under management (AUM), has of late started lapping up retail assets in India. In December, it acquired two retail assets of Alpha One Malls in Ahmedabad and Amritsar. With this, it has invested about Rs 800 crore in about 1.2 million square feet. Now, Blackstone is close to announcing… Read More »
Blackstone Group has appointed Christopher Heady, its head of Asia real estate business, as chairman of its Asia-Pacific businesses, according to a report by Bloomberg. Heady joined Blackstone in 2000 and has led about $3 billion of investments made by the firm in China, India, Japan and Australia. Read more: Economics Times
American PE fund Blackstone is in talks to acquire two commercial office towers in central Delhi from Parsvnath Developers and PE fund Red Fort Capital for Rs 550 crore, said two people with knowledge of the development. The two towers on Bhai Veer Singh Marg, which is near Connaught Place, have around 300,000 sq ft of… Read More »
New York-based Blackstone Group is in advanced discussions with Salarpuria Sattva Group to invest about Rs 450 crore in its upcoming, 30-acre commercial property in Hyderabad, three individuals aware about the development said. One of them mentioned that this would be a pure equity deal and is expected to be settled in the next few… Read More »