Nexus, Prestige In Talks To Merge Mall Business (The Economic Times) Blackstone-owned Nexus Malls and Bengaluru-based Prestige Group are in initial talks to merge their mall businesses, said two people with knowledge of the matter, in a sign of consolidation in India’s competitive shopping-centre space. Read More…
Nexus, Prestige In Talks To Merge Mall Business (The Economic Times) Read More »
Embassy Group’s WeWork India To Foray Into Noida Market; To Open 3 Coworking Centres (The Economic Times) WeWork India, owned by realty firm Embassy Group, is foraying into Noida market, and has taken on lease over 3 lakh sq ft office space to open three coworking centres comprising nearly 3,900 seats. Read More… Related News:
Blackstone-backed real estate investment trust’s successful India trading debut has left global funds including Japan’s NikkoAM-StraitsTrading Asia wanting a piece of the action.
Blackstone REIT’s Success Lures Global Funds To India Market (Bloomberg) Read More »
India’s only listed real estate investment trust has outperformed the stocks from the sector even as the developers grapple with a liquidity crunch in a slowing economy. Embassy Office Parks REIT has jumped 32 percent since listing on March 29 compared with a 5 percent decline in the Nifty Realty Index.
India’s Lone REIT Beats Realty Stocks (Bloomberg Quint) Read More »
Blackstone Group LP has finished raising the largest commercial real-estate fund ever, with $20.5 billion of commitments despite an increasingly tough commercial property market.
Blackstone Group has signed a term sheet to acquire the remaining 50% stake in Indiabulls Real Estate’s commercial properties for over Rs 4,420 crore, said persons with direct knowledge of the development. Blackstone had concluded a similar deal for 50% of the portfolio for nearly Rs 4,750 crore in March 2018, marking one of the
Blackstone Set To Buy Rest Of Indiabulls’ Commercial Assets (The Economic Times) Read More »
Blackstone Group Lp’s property investments in the country are set to cross the $6-billion mark this year, even as the global private equity firm plans to diversify into the logistics sector.
Blackstone’s Realty Investments Poised To Cross US$6 B This Year (LiveMint) Read More »
Months after the successful listing of Blackstone Group LP-backed Embassy Office Parks—India’s first real estate investment trust—a joint venture between the private equity firm and K Raheja Corp is in advanced stages of filing papers with the market regulator to list the nation’s second REIT, two people aware of the development told BloombergQuint.