Mumbai-based realty major Lodha Group has bought a 0.67-acre property near the Buckingham Palace in London for over INR3,120 crore. The property will be converted into super-luxury residential flats.
Real Estate
Hong Kong's HK$100B offshore investment proposal could take a long time for approval
Bankers and brokers believe that QDII3, a HKD100 billion investment scheme in Shenzen's Qianhai economic zone designed to allow offshore investment in Hong Kong, could take a long time before Beijing approves it.
European infrastructure projects hot among investors- report
Citing data from Preqin, a report on the Financial Times said that investors were betting on European infrastructure projects. Despite the demand, the funds have backed fewer projects this year.
Iceland government launches debt relief package for households
Iceland said on Saturday it would launch a mortgage debt relief program worth about 150 billion krona, in a move that could hurt its credit ratings and which critics say could scare off foreign investors
Lufthansa Technik in talks to sell aircraft maintenance facility in Ireland
US-based aviation investment firm Cloud Investment Partners is mulling over a possible takeover of Lufthansa Technik's aircraft maintenance facility in Ireland. Lufthansa Technik Airmotive Ireland is a target of a possible shutdown.
Latest News
Indian private equity firm Milestone Capital Advisors Ltd. is planning to raise an INR500 crore real estate fund with a greenshoe option of additional INR250 crore. The firm expects to launch its eighth fund early next year.
Canada Pension Plan Investment Board and Shapoorji Pallonji Group today announced the formation of a strategic alliance to acquire FDI-compliant, stabilized office buildings in the major metropolitan areas of India.
Student rental marketplace FlatClub raised USD1.5 million from angel investors and venture capitalists to build more transient rooms and apartments across the US and Europe.
Graham Holdings Co. announced the sale of the headquarters of The Washington Post to developer Carr Properties for USD159 million in a deal expected to be closed by the end of March 2014.
Sources were cited by Bloomberg who said Damac Real Estate Development Ltd will be repricing its price per global depositary receipt at the lower end of its pricing range, effectively reducing the size of its IPO.
New data released by the the Office for National Statistics in London today indicated a brighter economic outlook in the UK, thanks largely to an increase in business investments and home constructions.
Rumors of coercion by the Russian government and President Vladimir Putin on local wealthy industrialists had been shut down by Deputy Prime Minister Dmitry Kozak, who said the moguls enjoyed good deals out of their investor participation for the 2014 Winter Olympics.
Bahrain-based Islamic investment firm Tadhamon Capital announced that it has completed the acquisition of Paul Street development in London, in a joint venture with McLaren Property and Apache Capital.
Occasio Growth Fund I will welcome investments from institutional and accredited investors in order to raise USD100 million to capitalize on the booming USD24 billion industry in villa rental, private equity firm Occasio Funds said in a statement today.
