Blackstone to invest up to Rs 380 crore in Allcargo’s warehousing business
The investment will be “to develop industrial and logistics parks across India. Blackstone proposes to make its investment in the platform, by way of debt and equity,” said a statement.
New Boeing chief executive takes over with 737 MAX crisis unresolved
Boeing Co's new Chief Executive David Calhoun assumes the job Monday as ...
Prestige Estate: Listing of REIT may lead to re-rating
GIC already owns 4.4% in the company but with the preferential shares allotment may ...
Coffee Day hopes to close IT park sale to Blackstone in a week
The Coffee Day Group hopes to close its proposed sale of the Global Village tech park in Bengaluru to US private equity giant Blackstone in about a week's time, having crossed all major hurdles including government approvals and a green signal from most of its lenders.
Blackstone nears deal to buy stake in Allcargo’s unit
Allcargo’s board is expected to approve the proposal on Monday.
K Raheja Corp’s Mindspace files papers for Rs 1,000 crore-REIT listing
Mindspace Business Parks REIT is looking to raise over Rs 1,000 crore through a fresh issue of shares and an offer for sale by both K Raheja Corp and Blackstone.
Parth Jindal reveals NY plans, says he will kick off 2020 in London with wife & daughter
On April 11, Mr and Mrs Jindal welcomed their first child.
Emcure Pharma boss's NY resolution: Mastering meditation, sitting quietly & doing nothing
As daunting as the prospect is, Namita Thapar is hopeful she can achieve it.
Blackstone forms joint venture with Hiranandani for logistics foray
Though this venture, both the entities will be investing over Rs 2,500 crore initially to develop the 12 million sq ft industrial and warehousing assets portfolio of Hiranandani’s logistics venture GreenBase and additional assets built up coming through acquisitions of land or warehousing assets in other locations.
Hiranandani inks JV with Blackstone; to invest Rs 2,500 crore for industrial, warehousing space
GreenBase, a fully-owned subsidiary of Niranjan Hiranandani-led Hiranandani Group, has inked pact with Blackstone to set up a 50:50 joint venture for development of industrial, logistics and warehousing assets, the Mumbai-based realty firm said.
Indiabulls Real Estate sells commercial assets in Gurugram, Mumbai to Blackstone for Rs 810 crore
Indiabulls has been selling its completed as well as ongoing commercial assets to Blackstone to reduce its debt. In June this year, Indiabulls Real Estate promoters had sold 14 per cent stake in the company through open market transactions to Embassy Group for Rs 950 crore as part of its strategy to focus on financial services and exit the realty business.
GIC to pick up Rs 430-crore stake in Prestige Estates
GIC has been investing aggressively in Indian real estate sector.
Blackstone promotes Amit Jain as senior managing director in India
In an emailed response, a spokesperson for Blackstone confirmed the news saying, “Amit Jain is promoted to Senior Managing Director, Blackstone India effective Jan 1, 2020. The global partner in Blackstone is given the designation of “Senior Managing Director.”
Blackstone, K Raheja to launch Rs 3,000 crore REIT
Embassy Office Parks REIT, where too Blackstone is a shareholder, listed its units in April 2019, after an IPO where it raised Rs 4,750 crore.
Brookfield considering $1 billion REIT listing
Brookfield owns 22 million square feet of office properties in India, according to its website.
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