Private equity and venture capital investments plunged 50% to $908 million in November from $1.82 billion in the year earlier, according to data compiled by accounting firm EY. Deal activity in November was led by structured or debt deals, which contributed to more than a third of the total deal value. The month witnessed five structured or… Read More »
In the largest deal brewing up in the commercial real estate space in India, Canada Pension Plan Investment Board (CPPIB) is leading the negotiation to acquire private equity firm Everstone Group’s industrial and logistics real estate development platform, IndoSpace, as part of private real estate investment (REIT), said two people familiar with the development.… Read More »
Real estate developers and financial investors are capitalising on fast-rising demand for leasing of “co-working” spaces in China, as Beijing encourages startups and small businesses in a bid to offset slowing growth at traditional industries. Developers, including China Vanke, Soho China and Singapore’s CapitaLand, are renting out property space that hordes of self-employed persons or small-sized companies… Read More »
Nearly 75 per cent of Indian companies are not prepared for disaster management, a recent survey by real estate consultant CBRE says. According to the study, which includes over 100 top corporates in the country and over 350 respondents found out that 75 per cent of the Indian firms are not disaster ready. It said that 96… Read More »
A growing number of coworking spaces in tier-II cities like Indore, Ahmedabad, Rajkot, Udaipur, Jaipur, Kota, Surat, Pune and other cities has boosted the startup ecosystem. Startups who seek an ecosystem are able to create cocoon communities within this coworking spaces. “Mushrooming of coworking spaces in smaller cities is due to the rise of startup aspiration… Read More »
Promoters of DLF, India’s largest realty developer, are actively considering a split of the proposed 40% stake sale in the company’s rental commercial property arm between two contenders — US private equity major Blackstone Group and Singapore’s sovereign wealth fund GIC — said three persons familiar with the development. Under this structure, Blackstone and GIC… Read More »
India’s office real estate market stayed positive while residential sales across the country fell sharply since early this year. Higher corporate demand and reduced Grade-A supplies have pushed upwards the rental of commercial properties across the country. “Of the 36 commercial micro markets in the country, 10 have seen rise in rent by over 25% in… Read More »
Growth momentum in office absorption, witnessed over the last two years, is expected to continue in 2017 too. India’s top 8 property markets are likely to witness 10% surge in office space net absorption in 2017 to 32.5 million sq ft, the highest level seen over the last six years, said a report. Strengthening business… Read More »
Barclays said on Tuesday it has agreed to lease office space in London’s Canary Wharf district to the British government in an effort to save about 35 million pounds ($45 million) annually. The Cabinet Office will lease about 540,000 square feet of space in 10 South Colonnade, according to a statement. The handover is expected to… Read More »
Up to half of planned commercial developments in central London could be delayed over the next few years due to concerns about Brexit, and overall investor returns will be flat in 2016, estate agents Savills said on Tuesday. Commercial property was one of the first sectors to be hit in the immediate aftermath of the June 23… Read More »
