Real estate industry
With the huge success of Parsvnath Developers' public issue, which generated a demand for over Rs 600 billion (US$13.4 billion) worth of shares, domestic real estate firms in India are planning to raise nearly Rs 225 billion through their public offerings. This significant development could change the
Real estate industry
E*Trade Financial Corporation, a leading financial services provider, has signed a new lease for 106,573 square feet at Harborside Financial Center in Jersey City, New Jersey. This long-term commitment, with a term of 15 years and seven months, solidifies E*Trade's presence as a premier tenant
Real estate industry
David Ross, the co-founder of Carphone Warehouse, has launched a property company called Kandahar Real Estate in a joint venture with Morgan Stanley. The business already owns £500m of property contributed by the two partners. Kandahar will seek to acquire or develop more retail and leisure schemes across the UK,
Real estate industry
Colliers International, a global property service consultant, has been appointed by DLF Ltd., India's leading real-estate developer, to offer retail development consultancy on its flagship shopping centers, Mumbai Mall and Mall Of India. This move marks Colliers International's entry into the Indian retail real estate market,
Real estate industry
Private equity funds are outcompeting real estate investment trusts (REITs) for prime commercial properties in Asia, driven by attractive returns and limited investment-grade opportunities. The private equity units of banks such as CLSA, Goldman Sachs, and Morgan Stanley are bidding aggressively for Asian commercial properties, fueled by returns as high
Real estate industry
Dubai will soon witness a groundbreaking initiative in waste management with the establishment of Dubai Recycling Park, a fully integrated waste management and recycling park that will revolutionize the way the Middle East manages waste. The park is a result of a collaboration between National Projects Holding Co, a subsidiary
Real estate industry
Dubai Investments Real Estate Company (DIRC), the real estate arm of Dubai Investments PJSC, has announced the launch of Ritaj, its first residential project at the Dubai Investments Park. This project aims to provide high-quality but affordable residential units to cater to the growing demand for housing in the UAE.
Real estate industry
Gazit-Globe Ltd., an Israeli real estate company, has purchased a 9% stake in Mills Corp. for $110 million and has proposed to invest up to $1.2 billion in new equity in the company. The investment is contingent on Mills concluding its pending sale of the Meadowlands Xanadu project. Gazit-Globe&
Real estate industry
The National Capital Region (NCR) market in India is poised to lead retail real estate development, with a predicted 78 new shopping malls totaling over 25 million square feet expected to be operational by 2008. Knight Frank's report, "India Retail Market Review," highlights the NCR'
Real estate industry
Realty Income Corporation, known as "The Monthly Dividend Company," has announced a public offering of 6 million shares of its common stock at a price of $26.40 per share. The net proceeds from the offering, amounting to approximately $150.7 million, will be used to fund a
Real estate industry
Storehouse, Inc., a national furniture retailer operating 68 retail sites nationwide, has retained Keen Realty, LLC to assist with the disposition of its retail leasehold interests. The company filed for Chapter 11 protection on September 18, 2006, and has retained Keen Realty to market and assist with the sale of
Real estate industry
The UK real estate market has been abuzz with the advent of property derivatives, but doubts have crept in about its potential. The market has made little progress, and the question remains whether it will ever reach maturity. Comparisons with the interest rate swaps market, which grew from modest beginnings
