Chinese conglomerate Cofco listed its 12 properties across China as part of its HKD14.2 billion or USD1.8 billion reverse takeover with subsidiary the Hong Kong Parkview Group.
Basic Materials
Hettich plans to expand in India
Hettich's future plans include investments in research and development as well as training. Hettich, the German furniture fittings and hardware company, who has a subsidiary in India, said it would be investing about INR500 crore in the next five years.
China's richest Wang Jianlin eyes Four Seasons, US hotels buyout
A Bloomberg report said China's richest man Wang Jianlin may be acquiring luxury brands such as the Four Seasons hotel chain in his quest to expand his company Dalian Wanda Group to the US.
Lixil on basic agreement to acquire Grohe for USD4 billion - CEO
According to a Reuters report, Lixil Group Corp Chief Executive Yoshiaki Fujimori said that his company had reached a basic agreement to buy bathroom equipment maker Grohe for JPY400 billion or USD4.05 billion from its owners.
Chatham Lodging Trust to sell off 3.3 million shares in its IPO
The proceeds for the 3.3 million shares in Chatham Lodging Trust sale would be used for debt payment and general corporate purposes.
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Patrizia Immobilien announced it had agreed to buy 36 offices valued at EUR 800 million from CA Immobilien Anlagen.
Real estate brokerage Marcus & Millichap Inc. filed an IPO to raise USD103.5 million. Marcus & Millichap Inc. had filed an initial public offering of common stock with US regulators to raise up to USD103.
According to a Bloomberg report, as the UK government sought to boost mortgage lending and building permits became easier to get, home building approvals increased 48% in the country.
The world's richest soccer club Real Madrid scrapped its soccer resort plan in UAE after payments defaulted with no provided guarantees.
Wang Jianlin announced his biggest single investment in the movie and television industry valued USD8.17 billion.
Blackstone paid Crescent Real Estate USD347 million for Hughes Center complex. One of the largest office owners in the United States, the Blackstone Group, recently purchased another property, specifically the Hughes Center complex located in Las Vegas, NV.
A USD109 million investment was made by TPG Capital in Xinyuan Real Estate. TPG Capital was advised by Ropes & Gray on the completion of a strategic investment in Xinyuan Real Estate Co.
The Empire State Realty Trust Inc. whose properties include the Empire State Building had filed to raise a hefty USD1.07 billion in proceeds, according to a regulatory filing today.
The Re/Max Holdings IPO projected the revenues earned to reach USD241.5 million. The franchiser of real estate brokerages, Re/Max Holdings Inc. had filed documentation to raise as much as USD241.
