IL&FS expects BKC headquarters, GIFT City towers’ sale to fetch over Rs 1,350 crore – ET RealEstate

The government-appointed management of Infrastructure Leasing & Financial Services (IL&FS) expects the sale of its iconic corporate headquarters in Mumbai’s Bandra-Kurla Complex (BKC) and two commercial towers in Gujarat’s GIFT city to fetch over Rs 1,350 crore. The non-banking finance company expects the final bids from interested entities for these real estate assets in May. […]

CPP Investments to invest Rs 1,500 crore in its JV with RMZ Corp to build office spaces – ET RealEstate

NEW DELHI: Realty firm RMZ Corp has tied up with Canada Pension Plan Investment Board to develop office complexes in Chennai and Hyderabad and the latter will invest Rs 1,500 crore (USD 210 million) in the joint venture. Bengaluru-based RMZ Corp, which is one of the leading commercial real estate player, said it has entered […]

Brookfield Asset to buy remaining stake in real estate unit for $6.5 billion – ET RealEstate

BENGALURU: Canada‘s Brookfield Asset Management Inc would buy the remaining stake it does not already own in its commercial real estate business Brookfield Property Partners for about $6.5 billion, the companies said on Thursday. The deal was a raise from the $5.9 billion the alternative-asset manager offered in January this year. The COVID-19 pandemic has […]

Brookfield may acquire 50% stake in RMZ Corp for about Rs 5,600 crore – ET RealEstate

BENGALURU: Brookfield Asset Management, the Canadian alternative investment firm, is said to be planning to invest $500-800 million (Rs 4,000-5,600 crore) in RMZ Corp to buy up to 50% stake in the Bengaluru-based developer’s business parks, people familiar with the matter said. RMZ is expected to create a special purpose vehicle (SPV) to house about […]