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Tag Archives: Divestment

Unitech sounds out PEs to sell hotel properties

November 18, 2008 – 3:44 am

Unitech, the country’s second-largest listed real estate company, has put on the block all its six hotel projects under construction to reduce its capital expenditure and raise cash to fund its other ongoing projects. The company is in talks with a few private equity investors to sell all its six properties, being constructed at Gurgaon [...]

By rajani | Posted in Property News | Also tagged Affordable Housing, Capital Expenditure, Crore, Development Sector, Economic Scenario, Economic Summit, Estate Assets, Finance Market, First Hotel, Gurgaon, Hospital Chains, Hotel Business, Hotel Project, Hotel Projects, Hotel Properties, Housing Finance Companies, Housing Loans, Housing Market, Mahindra And Mahindra, Mahindra Group, Mid Market, Mr Chandra, New Houses, Ongoing Projects, Private Equity Funds, Private Equity Investor, Private Equity Investors, Rs 250, Target, Tie Ups, World Economic Forum | Comments (0)

German Bank Invests Rs 607 Crore In Trikona Projects

May 14, 2008 – 5:28 am

German investment bank SachsenFonds (SF) has bought stake in four realty projects of London Stock Exchange listed, India-focussed realty fund Trikona Trinity Capital for Rs 607 crore ($150 million). Trikona has made returns of 115% in the transaction.
In the Delhi-based Uppal IT park, SF raised its stake from 8% to 33%. In the Hyderabad-based residential [...]

By rajani | Posted in Property News | Also tagged Asset Portfolio, Asset Value, Bandra, Binding Agreement, Crore, Development Platform, German Bank, German Investment, Infrastructure, Kalra, London, Memorandum Of Understanding, Public Sector Bank, Realty Fund, Redevelopment Project, Retail Project, Stock Exchange, Transaction Value, Trikona Capital | Comments (0)