Dallas-based Behringer Harvard Multifamily REIT I Inc expanded its co-investment arrangement with PGGM Private Real Estate Fund by agreeing to a new $300 million deal to co-invest in multifamily communities.
Real Estate
Singapore fund inks deal to invest in London's Broadgate expansion
Singapore sovereign wealth fund GIC has signed a deal to invest in London’s Broadgate development through a joint venture partnership with UK-based real estate developer British Land.
Mortgage bids close to £1 Billion in Help-To-Buy program - UK PM Cameron
A statement from the office of the British Prime Minister David Cameron revealed that 6,000 mortgage applications, with over 80% of them as first-time buyers, applied for home loans under the government's Help-to-Buy program.
Al Noor Hospitals Group acquires Gulf International Cancer Centre in Abu Dhabi
Al Noor Hospitals Group announced it has shelled out an initial cash consideration of AED80 million ($21.8 million) to acquire Gulf International Cancer Centre (GICC) in Abu Dhabi.
BlackRock fund sells Singapore's Westin hotel to Daisho for $369M
BlackRock Inc's Asia Property Fund III is exiting its Westin hotel in Singapore to Tokyo-based property developer Daisho Group in a deal valued at S$468 million ($369 million).
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China's Oceanwide Real Estate Group will acquire a sprawling parking lot in downtown Los Angeles for $200 million to develop a five-star hotel, apartments and retail spaces.
Marathon Asset Management, the New York-based hedge fund that owns the town of Scotia in California needs to make a slick exit, The Wall Street Journal reported.
Massachusetts, US-based private equity firm Brookwood Financial Partners has acquired The Embassy, a 10-storey office property located in the Las Colinas complex in Irving, Texas, for an undisclosed amount.
Australian construction firm Leighton, is buyout out Welspun Group's 40% stake in the company in a $100-million deal (INR62 crore), according to a person directly familiar with the matter.
Nakheel said in its statement on Thursday that it was able to close sales of land plots in the Al Furjan and Jumeirah Village Triangle areas worth a collective $44.1 million or over AED162 million.
Iskandar Waterfront Holdings has put up for sale 15 hectares of seafront land in Danga Bay. The parcels of land will be sold to Singaporean firm Hao Yuan Investment for MYR1.6 billion.
Axis Real Estate Investment Trust, through its trustee RHB Trustees Bhd, has entered into a sales and purchase agreement to divest its Axis Plaza. The five-storey building will be sold to Collective Developers Sdn Bhd for MYR34 million.
Kanakia Group, a conglomerate based in Mumbai, said that it intends to invest over INR500 crore for developing residential and hotel properties in the country. Kanakia currently has a real estate portfolio of more than 13 million square feet across residential, commercial and hotel properties.
US-based Fortress Investment Group intends to raise $1.9 billion to form the first infrastructure fund in Japan called Fortress Japan Income Fund, sources told Reuters.
