Tag: Singapore

Blackstone Buys StarHub Business Park in its First Singapore Deal

Private equity group Blackstone Group has made its first acquisition in Singapore, buying the StarHubGreen project from Germany’s SEB Asset Management for S$215 million ($173 million). Stargazer Blackstone bought the 400,000-square-foot business park as part of an opportunity real estate fund, according to a source familiar with the deal. SEB and Blackstone agreed to the terms of the deal […]

India Inc invested $2.7 bn overseas in the month of March.

Overseas investments by Indian companies stood at USD 2.77 billion in March, up 37.6 percent over the previous month, with Binani Industries, Mercator Lines, HCL Technologies, Varun Shipping, Hexaware Technologies, and Tata Steel emerging as major investors. As many as 489 overseas investment transactions were carried out by various companies in March, as per the […]

NRI is a less Volatile Market.

For most top property developers in India, the Non-Resident Indian (NRI) is a crucial part of their business. They know that the NRI will always want a piece of his/her homeland, no matter the price and no matter the time. Thus, despite the price rise of 43 per cent to as much as 166 per […]

Chennai leads Indian Property Sector.

The Indian property market will see more investment from overseas this year as it still remains an attractive investment destination globally. In a recent report, property broking and real estate consulting firm Jones Lang LaSalle said the Indian property market is poised to attract about US$3 billion, almost double last year’s US$1.6 billion, from overseas […]

Asia Invest More In UK Than UK Itself!

dAccording to a study conducted by a Global Property Consultancy Firm Asia is the biggest investor in UK’s Realty Sector particularly Central London. This has been possible because of decreased value of pound and strong Asian economies. The report showed, Asians spent around 761 million pounds in fresh properties in London for gains in the […]

MSL Will Invest 200 Million Dollar In Indian Realty

Singapore-based private equity firm, Millennium Spire Ltd-MSL announced investment of $200 million in India’s realty sector in next one year. MSL Managing Director, Ashish Bhalla reportedly said that the company would invest in real estate projects in the national capital region and Coimbatore in mix use complexes, IT parks, residential and commercial areas. The company […]

Unitech Scraps Singapore Reit

India’s second-biggest property firm, Unitech, has scrapped plans to list a US$600 million ($824 million) real estate investment trust here.Its big rival, DLF, which is India’s biggest developer, did likewise in March, announcing it would delay its listing plans.

Indian Firm In S And P Asia Property 40 Index

The sharp fall in shares of realty majors in India has meant that not a single Indian real estate company figures in Standard & Poor’s Asia Property 40 Index. The index comprises forty Asian realty companies listed in terms of market capitalization, an S&P release said on Monday. From a year high of 13848.09 on […]

BSEL to float Malaysian arm to execute projects

Mumbai-based firm will invest Rs 18,000 crore in next twelve years. BSEL Infrastructure Realty plans to set up a company in Malaysia to execute its operations in that country. The Mumbai-based company has signed a memorandum of understanding (MOU) with Malaysia’s Iskandar Regional Development Authority (IRDA) to develop properties in Johar Bharu region of Malaysia. […]

ING Unit Launches Asian Real Estate Fund In Hong Kong

HONG KONG ING Group NV’s asset management unit Monday launched a fresh Asia real estate fund in Hong Kong that invests in listed real estate securities across the region. Most of the portfolio will be invested in real estate companies and real estate investment trusts, ING said. The fund is at first being offered only […]