Page 7 - Prestige Estates

Prestige Estates, Century in talks to develop Rs 600-crore property

Bengaluru asset has a development value of Rs 12,000-14,000 crore

$1.5-billion deal of Blackstone-Prestige Estates gets CCI approval

Valued at $1.5 billion, this is one of the largest real estate deals in the country comprising the sale of 21 million square feet of assets

Prestige Estates Projects looks to offload residual stake in malls

Prestige will sell 85-87 per cent in its nine operational malls to Blackstone in places such as Bengaluru, Mysuru, Mangaluru, and Hyderabad

Prestige to invest Rs 2,000 cr on 4 new housing projects in Bengaluru, Goa

Prestige Estates Projects will develop four new housing projects in Bengaluru, Goa and Hyderabad with an investment of nearly Rs 2,000 crore amid recovery in demand for residential properties

Nifty Realty index surges nearly 3%; DLF, Prestige Estates advance 5% each

Pick-up in demand and supportive measures from the government have aided in revival of sentiments for the sector.

Prestige Estates: Medium term growth prospects hinge on capex cycle

Deal to sell commercial assets and residential recovery are near term positives

Will retire Rs 6,000-crore debt after Blackstone deal: Prestige Estates CMD

The total portfolio is expected to be around 21 million square feet (mn sq ft) of completed and under construction projects, said CMD Razack

Realty shares rebound after FM announces measures to boost sector

Godrej Properties, Oberoi Realty, Prestige Estates and Brigade Enterprises from the Nifty Realty index were up 1 per cent each, recovering by upto 2 per cent from their respective intra-day's low.

Realty firm Prestige Estates' Q2 net profit down 40% at Rs 94 crore

Bengaluru based realty firm Prestige Estates Projects Ltd on Wednesday reported a 40 per cent fall in its consolidated net profit at Rs 93.8 crore for the quarter ended September.

Prestige Estates to sell assets worth Rs 11,000 cr to Blackstone, cut debt

Indian company plans to build twice the amount of commercial property space it is selling to the global fund manager.

Prestige Estates signs deal with Blackstone for stake sale in firm's assets

Prestige Estates is looking to sell the assets to reduce debt and generate liquidity via the Blackstone deal

Prestige Estates' PBT declines 74% in Q1 as Covid-19 dents business

While the company registered a consolidated net profit of Rs 20 crore for the period, a fall of 83 per cent vis-a-vis a year ago, total income stood at Rs 1,296.3 crore for the realty major

Prestige Estates looks to pare debt, raise liquidity via Blackstone deal

Bengaluru-based realtor has over 30 mn sq ft of offices and over five mn sq ft of malls under various stages of development

Prestige Estates surges 7% amid report Blackstone may acquire group assets

Blackstone will acquire 100 per cent control of around 20 million square feet of commercial space, including 16 million sq ft of ready and completely leased assets, the report said

The rise and rise of Prestige Estates: How the realty firm bucked the trend

Most of Prestige's projects in Bengaluru launched in the last three years were located along the upcoming metro lines. These include: Prestige Falcon City, Prestige Park Square and Prestige Elysian.

Realty uptick: Top rated companies see bookings rise 2% to Rs 5,800 cr

Sales bookings of DLF, Sobha, Puravankara, Prestige Estates, Brigade Enterprises, Mahindra Lifespace Developers, Godrej Properties, Oberoi Realty and Kolte Patil have been taken into account

Top realtors in talks with Graphite India to acquire Bengaluru land

Deal size expected to be in the Rs 2,000-25,000 crore range

Prestige Estates up 10% as arm acquires 50% stake in Lokhandwala DB Realty

Prestige Falcon Realty Ventures has invested in Lokhandwala DB Realty LLP by way of capital account contribution and has been admitted as partner of the LLP with 50 per cent economic & voting rights.

Prestige Estates surges 6% on fund raising plan via preferential issue

The stock of the real estate developer hit an all-time high of Rs 364 on December 3, 2019 on optimisation of strong pipeline of rental assets yielding growth in rentable income.

Prestige Estates, Polycab India hit 52-week high in subdued market

Prestige Estates Projects were up for the fifth straight trading day, up 7 per cent at Rs 345, while Polycab India hit a new high of Rs 967, up 3 per cent on the BSE.