Consumer durables firm Samsung India Electronics Ltd has signed a deal to take up around 1 lakh sqft of office space on lease to set up its new corporate office at Oberoi Realty Ltd’s commercial property Commerz II in Goregaon suburb of Mumbai, three people aware of the development said. The Korean company will pay… Read More »
The outlook for 2017 is likely to be robust too with demand from manufacturing, logistics and consumer goods besides the information technology and outsourcing sectors. A paradigm shift in commercial space leasing is likely to boost demand, as firms that historically bought space prefer leasing to accommodate changing needs. Higher use of technology has made… Read More »
Growth in the Indian commercial sector is expected to positively impact the ‘workspace solutions industry’ in the coming years. The sector is expected to witness 10% year-on-year growth in the next five years, according to the industry experts. Workplace solution involves providing end-to-end commercial real estate solutions to companies across sectors – from concept to… Read More »
The price of Brazilian commercial real estate has continued to contract, signaling the sector remains vulnerable to the effects of the country’s recession, according to market data released Tuesday. The monthly FipeZap indicator showed commercial property prices dropped 0.45% in November from the prior month, extending year-to-date losses to 3.18%, the research group said. In October, commercial… Read More »
Blackstone Group has filed a formal bid to buy a minority stake in the commercial unit of K Raheja Corp, one of India’s top three owners of tenanted offices, vying with Singapore’s Temasek Holding and rival private equity investor Warburg Pincus, people directly familiar with the matter said. The three bidders are in the final… Read More »
Commercial realty data information and analytics firm, Propstack has joined the Massachusetts Institute of Technology’s (MIT) Centre for Real Estate as an industry partner to explore new data technologies with the potential to transform the organization of cities and built environment. Propstack is the first Indian company to join the MIT/CRE as an industry partner.… 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 »
Cash strapped brothers Malvinder and Shivinder Singh are in active discussions with private equity group TPG Capital to sell a significant minority stake in Fortis Healthcare. The transaction may also see the folding back of the Singapore listed business trust into the listed Indian entity, said four sources aware of the transaction. The quantum of… Read More »
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 »
