Bangalore, India-based online real estate portal CommonFloor secured INR64 crore in its fourth financing round from existing investors Accel Partners and Tiger Global, as confirmed by co-founder Sumit Jain.
Real Estate
National Asset Management Agency to offer free offices for startups in Ireland
The Irish government will be offering empty buildings owned by the National Asset Management Agency (NAMA) as free offices for startups under the 2014 Action Plan for Jobs.
BlackBerry to sell off majority of its real estate holdings in Canada
Smartphone pioneer BlackBerry Ltd announced its intention to divest most of its real estate holdings in Canada through sale-leaseback and vacant asset sales in an effort to turnaround its fortunes.
Philippine-based Ongpin group hikes stake in Alphaland
Former Philippine trade minister Roberto V. Ongpin and his associates have hiked their collective holding in real estate developer Alphaland Corp to 50.57%, diluting British fund Ashmore's interest to 24.41%.
Buyout firms set sights on Germany's commercial real estate- report
Private equity companies are among the rising number of investors looking to invest in the commercial real estate market in Germany where cash-strapped owners are forced to make deals, Bloomberg reported.
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Miller's Ale House, a chain of restaurants owned by private equity firm Roark Capital Group, has withdrawn from a deal to build a restaurant in Pittsburgh's SouthSide Works Complex, the Pittsburgh Post-Gazette reported.
New York, US-based private equity firm Cerberus Capital Management LP decided to exit its entire majority interest in Japan-based property operator Kokusai Kogyo Co in a deal valued between $1.25 billion to $1.34 billion.
BlackRock Inc said Asian institutions have sparked a renewed interest in real estate investments in the region as they search for higher returns at a time of low interest rates, Bloomberg reported.
Singapore-Malay asset manager and property investor Aquaint Capital is looking to raise fresh capital to acquire distressed property assets across Australia, according to sources familiar with the matter.
Australia-based property and aged-care developer Aveo Group is planning to sell about $500 million worth of residential and office assets this year in a bid to become
A rising demand for property in Europe has led to a race for acquisitions, fueling rising demand and concerns of a new bubble, the Financial Times reported.
The Abu Dhabi Investment Authority, the third largest investment sovereign wealth fund in the world, will be investing in the Time Warner Center together with Singapore's state fund GIC Ptd, according to a source interviewed by Bloomberg.
Australia-based real estate manager GPT Group will not increase its takeover bid for Commonwealth Property Office Fund (CPA), making way for Dexus Property and the Canada Pension Plan Investment Board (CPPIB) to make competing offers.
Rose Rock Group, an alternative investment manager supported by the Rockefeller family, will be developing a residential and hotel project in Vietnam together with Vung Ro Petroleum Co, Bloomberg reported.
