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Blackstone and Jhunjhunwala-backed Bagmane draws 2 lakh applications, highest for all REIT IPOsBagmane Prime Office REIT received record investor participation and strong oversubscription in its Rs 3,405 crore IPO. Backed by Blackston...
This smallcap real estate stock rallied 51% in 3 days. What’s behind the surge?Embassy Developments shares surged 51% in three days after the NCLAT overturned an earlier order admitting the company into insolvency proc...
Jhunjhunwala trust backs Bagmane Prime Office REIT ahead of Rs 3,405 crore IPOBagmane Prime Office REIT is set to launch its IPO today, May 5. The company has secured significant backing from anchor investors, includi...
Delhi-NCR, Bengaluru office rentals cross Rs 100/sq ft/month milestone: Knight FrankOffice rental rates in Bengaluru and Delhi-NCR have now crossed Rs 100 per sq ft. This milestone is driven by strong demand for prime works...
Tata Realty may look at launching REIT after 2-3 yrs; expanding commercial properties portfolioOn Saturday, Tata Realty announced an investment of Rs 5,000 crore over the next 7-8 years to develop a 7 million square feet IT park proje...
Embassy group in talks with Blackstone to sell warehouse biz for Rs 1,800 cr enterprise valueIn 2015, the Bengaluru-based Embassy group had formed a joint venture with private equity firm Warburg Pincus to build industrial parks. Wa...
Embassy Group and Ivanhoé Cambridge launch a commercial real estate investment and development platformIvanhoé Cambridge and Embassy will be investing in an 80:20 ratio and will fund the acquisition and development of sustainable office led b...
- Canada's Ivanhoe Cambridge, Embassy Group in talks for office platform in India
The proposed entity will be looking for greenfield investment opportunities, while Embassy will also bring in some of its existing land ban...
Embassy Group in talks with Indospace, ESR to monetise warehousing bizBengaluru-based Embassy Group, which in 2015 formed a joint venture with private equity firm Warburg Pincus to buid industrial parks, is lo...
Embassy Group to merge 62 million sq ft realty assets with Indiabulls Real EstateThe definitive agreement for the merger is expected to be placed before the listed company's board by August 15, Indiabulls Real Estate sai...
Indiabulls Real Estate says Embassy’s fundraising plan before merger at advanced stageListed company expects transaction documents to be executed on or before March 23.
Embassy Industrial Parks to invest USD 300 mn to build logistic, warehousing projects"We have completed around 2.7 million sq ft area so far across three warehousing parks at Chakan, Bilaspur and Farrukhnagar," the company's...
Embassy group to launch REIT this year to raise USD 1 billionThe Bengaluru-based Embassy group has over 30 million sq ft of leased office space and has a pipeline of about 22 million sq ft across majo...
Embassy group to invest Rs 1,350cr in four new hotelsEmbassy group tied up with Hilton for 500-room dual-branded hotel featuring Hilton Hotels & Resorts and a Hilton Garden Inn hotel.
Embassy group to invest Rs 2,000 crore for IT Park in BengaluruFunds to be released over a period of 3-5 years and would be used to develop the Embassy TechVillage, expected to cover an area of 6 millio...
Blackstone in talks to buy space in FIFC tower for Rs 850 croreIn early 2012, global banking major Citigroup had acquired around 3 lakh sq ft office space in this building for Rs 985 crore in the larges...
Embassy, Kirloskar jointly buy AstraZeneca land for Rs 290 croreThe project will be executed by Karan Virwani, son of Jitu Virwani, and Manasi Kirloskar, the sole heir to the Toyota Kirloskar empire.
Blackstone gets CCI approval for Embassy realty dealThe Competition Commission of India (CCI) today approved a real estate deal between global private equity giant Blackstone group and Pune-b...
- Embassy Property in Rs 5,600-cr JV with Malaysian realty co
Realty major Embassy Property Developments has entered into a joint venture with a Malaysian company MK Land Holding.
- Embassy Group in talks with PEs to raise $300 mn
Embassy, which has steered clear of a market awashed with private equity deals, is also now raising another tranche of $200 million through...