Tag Archives: CRE Deal

DLF shortlists bidders for mega stake sale deal

DLF Ltd, India’s largest real estate developer, has shortlisted bidders for the ongoing office stake sale transaction and expects to receive binding, updated bids in the form of shareholder agreement once the short-listed bidders complete their due diligence. The realty firm circulated the information memorandum to a number of investors across the globe in April,… Read More »

DLF shortlists bidders for mega stake sale deal

DLF Ltd, India’s largest real estate developer, has shortlisted bidders for the ongoing office stake sale transaction and expects to receive binding, updated bids in the form of shareholder agreement once the short-listed bidders complete their due diligence. The realty firm circulated the information memorandum to a number of investors across the globe in April, and… Read More »

Brookfield may invest $2 billion more in India in 3 years as good assets come up for grabs

Brookfield, the Canadian asset manager could invest over $2 billion in India over the next 2-3 years to buyout upscale offices and commercial towers, stranded roads, power and utilities infrastructure as it aims to double its existing asset base in the country. Fresh from raising $14 billion to invest in infrastructure, believed to be the largest… Read More »

Some buyers using “Brexit clauses” to drop UK commercial property deals

Some commercial property buyers are invoking “Brexit clauses” written into contracts agreed before Britain voted to leave the European Union, allowing them to walk away from the deals. In other cases buyers have yet to exercise such get-out clauses but are keeping the option open to try to renegotiate the price down, according to property lawyers… Read More »

DLF shortlists 6 potential buyers for promoters’ 40% stake in rental arm

India’s largest real estate developer DLF has shortlisted six potential buyers for 40% stake of the promoters in its rental arm DLF Cyber City Developers Limited that is expected to sell for about Rs 13,000 crore, two people aware of the development said. The company had invited expressions of interest and received 11 offers over the… Read More »

Commercial space rentals on gradual rise in Kolkata, aided by 20% spurt in transactions

Commercial space rentals are on a gradual rise in Kolkata, thanks to a 20% spurt in transactions in the last two quarters. The average deal size remained low at 7,500 sq ft in the upcoming business locations and industry experts predict a 5-10% surge in rentals in the next six months at prime locations such as… Read More »

Donald Trump forays into commercial realty in India, inks deal with IREO for Gurgaon project

The Trump Organization has signed its first commercial office deal in India with private equity fund and developer IREO in Gurgaon. The American real estate firm founded by Donald Trump, the front runner for the Republican nomination for the President of the United States, will lend its name to a new high-end 600,000-700,000 sq ft… Read More »