The rental arm of K Raheja Corp, promoted by billionaire property developer C L Raheja, could float a REIT this year and go public next year
Blackstone announced that private equity funds managed by the firm have entered into a definitive agreement to acquire the entire stake in Aadhar held by the existing controlling shareholders
This deal is supposed to significantly reduce Wadhawan Global Capital's outstanding corporate debt
Blackstone made a variety of concessions, the majority of which have remained outside the public's view
Blackstone has invested over $5 billion across 30 real estate investments, of which $3.7 billion is in office space
Blackstone has invested over $5 billion across 30 real estate investments, of which $3.7 billion is in office space
Investors may demand yields as high as 15 per cent to subscribe to the Blackstone offer
Deal gives Blackstone exit with 4X returns, its largest in Asia so far
Blackstone may invest 60% of its $4-billion Asia fund in India; investments in India have delivered 30% returns since 2011, compared to 25% in China
According to sources, Citi and Morgan Stanley are advising Blackstone on the sale
The partnership will be managed by a 10-person board composed of five representatives from Blackstone and four from Thomson Reuters
This is likely to be the only REIT of 2017, other investors wait & watch
Paysafe shares were up 1.3 per cent at 600 pence in early trade, signalling investors are hopeful of
The PE firm is in talks with L&T Realty to buy the latter's two malls in Hyderabad
Carnival sold the property as it was a non-core asset for them, says source
Blackstone is the largest owner of office space in the country, with a portfolio of 70 million sq ft
Embassy group has raised Rs 1,075 crore from Piramal Finance
Infrastructure investing gained renewed attention as Trump administration vows to direct more money
It'll make investments from a fund managed by its specialised Tactical Opportunities Group
In 2007, Blackstone picked 70% stake in Gokaldas for Rs 676 crore, paying Rs 275 a share