Page 11 - Blackstone

Embassy Group plans to explore more opportunities in warehousing

Embassy plans to use the funds from the deal as growth capital in its office and residential projects

Warehousing yields decline as global players race to invest in assets

Investors prefer warehousing assets because they are more stable than office properties, which were affected by the pandemic, said bankers involved in warehousing deals

Australia's Crown Resorts receives $6.2 billion proposal from Blackstone

Troubled Australian casino operator Crown Resorts Ltd on Monday said it had received a conditional buyout proposal from US private equity giant Blackstone, sending its shares 19% higher

Prestige concludes phase 1 of deal with Blackstone at Rs 7,467 cr

The Prestige-Blackstone deal is one of the largest real estate deals in the country

Top headlines: Blackstone-Sify deal, Wipro's Capco deal, and more

Business Standard brings you top news of the day

Blackstone in talks to acquire a minority stake in Sify Technologies

Sify's American depositary receipts rose 6.7 per cent in pre-market trading on Friday in the US. The company had a market value of about $484 million as of Thursday

Mindspace REIT plans to raise up to Rs 450 cr through issue of securities

Mindspace Business Parks REIT on Thursday said the company plan to raise up to Rs 450 crore through the issue of debt securities. In a regulatory filing, the company informed that the decision will be taken at a meeting on March 9. "a meeting of the executivecommittee of the manager shall be held on Tuesday, March 9, 2021, to consider and approve raising of funds by Mindspace REIT through the issue of a debt security(ies) aggregating up to Rs 450 cores by way of the private placement," the filing said. The fund could be raised in one or more tranches. Mindspace REIT, promoted by K Raheja Corp and Blackstone, got listed on stock exchanges last year after launching a public issue of Rs 4,500 crore. It owns office portfolios located in four key office markets of India, namely Mumbai Region, Pune, Hyderabad and Chennai. Mindspace REIT has a total leasable area of 29.5 million square feet. The portfolio consists of five integrated business parks and five quality independent office ass

Blackstone inks pacts for first phase of over Rs 9,000-crore deal

Realty firm Prestige Estates Projects on Tuesday said it has signed definitive agreements with global investment firm Blackstone to sell 12 assets/undertakings comprising completed office, retail and hotel properties in the first phase of Rs 9,160-crore deal. In November last year, the Bengaluru-based firm had signed term sheet to sell a large portfolio of completed as well as under-construction office, retail and hotel properties to Blackstone for an enterprise value of Rs 9,160 crore. The company will use the fund to retire its debt and future expansion. In a regulatory filing, Prestige Estates Projects informed that the company on Tuesday executed the asset specific agreements or definitive documents with 'BREP Acquirers' (Backstone entities) for sale of twelve assets/undertakings comprising of completed retail, office and hotel assets as Phase I of the proposed transaction. "Upon consummation of the transactions contemplated in the Definitive Documents, further intimation will

Embassy Reit to invest Rs 2,300 cr to develop 5.7 mn sq ft office space

Says it sees an opportunity in the drop in overall supply in Bengaluru due to liquidity crunch

Blackstone-backed Bumble set to be valued at more than $13 billion in debut

Shares of Bumble, were set for a more than 67% jump in their market debut on Thursday, indicating a valuation of over $13 billion for the operator of the dating app where women make the first move.

Top headlines: DFI likely to be setup; corporate air travel takes wing

From DFI likely to be set up with IIFCL's paid-up capital of Rs 10,000 crore to 4 hydropower units facing damage, other dams on alert in Uttarakhand, here are the top headlines this morning

Blackstone-backed Aadhar Housing Finance files papers for $1 billion IPO

Aadhar Housing Finance will use proceeds from the fresh issue to boost its capital base.

Talks with Byju's on, but could take several weeks: Aakash Educational MD

Talks for a partnership with Indian unicorn Byju's reflect several prescient moves by this second-generation promoter

Blackstone's Aadhar Housing Finance plans $1 billion IPO filing soon

Founded in 2010, Aadhar has more than 294 branches across the South Asian country, providing financing solutions to customers whose monthly income ranges between $76 to $765

Blackstone's Aadhar Housing may file $1bn IPO prospectus in India soon

Founded in 2010, Aadhar has more than 294 branches across the South Asian country, providing financing solutions to customers whose monthly income ranges between $76 to $765

Blackstone's Asia Tactical Opportunities head Moorjani resigns after 9 yrs

He will be succeeded by Menes Chee, a senior partner who will relocate from the firm's New York headquarters to Hong Kong in February, Blackstone said.

Blackstone-backed IBS expects faster biz growth on rising digitalisation

The clients include Emirates, Etihad Airways, Qatar Airways, Korean Air and British Airways

Blackstone in talks to merge Alight with blank-check acquisition firm

The merger with Foley Trasimene Acquisition Corp would result in Alight becoming a publicly-listed company at a valuation of more than $8 billion, including debt

Embassy Office Parks REIT to float QIP, may raise up to $600 million

Floor price of Rs 348.38 per unit approved

Embassy REIT gets unitholders' approval to raise up to Rs 8,000 crore

In a regulatory filing, Embassy REIT said its unitholders have approved all the four resolutions with the requisite majority