Brookfield Asset Management Inc has entered exclusive talks on a takeover of Bharti Infratel Ltd, India’s largest listed wireless tower owner, after submitting a bid valuing the company at about $11 billion, people with knowledge of the matter said. Canada’s largest alternative asset manager offered to buy a majority stake in Bharti Infratel for around… Read More »
Indian real estate is likely to provide investment opportunity worth up to $77 billion through REIT-eligible commercial office and retail properties across the country’s top seven cities by 2020. Across these cities, including Mumbai, Delhi-NCR, Bengaluru and Pune, ready commercial space eligible for REIT investments amounts to 277 million sq ft, accounting for less than… Read More »
The result of the US election is likely to lead to more uncertainty in the commercial property market in the Asia Pacific region with many markets already seeing rents fall. Overall prime commercial rents increased 0.6% quarter on quarter and 1% year on year at the end of the third quarter of 2016, according to the… Read More »
The average rent for space in a downtown tower is $47.43 per square foot, putting Houston in the top 10 of the nation’s most expensive office markets, according to a commercial realty firm. The national average is $43.79 per square foot. Despite downtown’s strong rents, the report notes how Houston’s sublease glut and “economic freeze”… Read More »
Automotive testing systems major HORIBA, inaugurated today its India Technical Centre at Chakan MIDC Phase 2 near Pune in Western India. Maharashtra Chief Minister Devendra Fadnavis inaugurated the 7000 sq mtrs facility which will be a comprehensive location for product demonstration and testing; a workshop for product customization and assembly; an office space and a training… Read More »
In an indication of the city’s growing clout as a major IT hotspot in the country, Hyderabad has seen a record absorption of 6 million square foot of office space by the IT industry alone in 2016, Telangana IT secretary Jayesh Ranjan said here on Wednesday. “In terms of growth there is one indicator that… Read More »
In the first nine months of 2016, private equity funds committed $4.2 billion to real estate, an increase of 20% from the same period last year. Private equity (PE) investment in real estate is estimated to touch $7.2 billion this year, up 53% from 2015, as both residential and office assets continue to generate interest among… Read More »
Companies are focussing on their workspace design to increase employee satisfaction, boost productivity and provide a comfortable working environment. With the steady growth in the demand from commercial real estate, the interior turnkey solution market has witnessed a progressive trend in their sector. As commercial space demand surges, the sector is expected to further witness a… Read More »
Falling commercial real estate prices after the U.K.’s vote to leave the European Union pose a threat to bank stability because of the market’s reliance on foreign capital, Bank of England said. Values have declined 2.6 percent since the referendum and may drop further from their current high levels, according to the central bank’s twice-yearly… Read More »
Indians have by far remained the most prolific foreign investors into Dubai realty, outshining capital inputs from British, Russians and all others. As per the data from Government of Dubai’s Land Department, Indians have once again topped the charts as the number one investor in Dubai realty with a whopping investment of Rs. 13,600 Crores… Read More »
