Tag: Singapore

Blackstone: Buys StarHub Business Park in First Singapore Deal

Private equity group Blackstone Group has made its first acquisition in Singapore, buying the StarHubGreen project from Germany’s SEB Asset Management for S$215 million ($173 million). Stargazer Blackstone bought the 400,000-square-foot business park as part of an opportunity real estate fund, according to a source familiar with the deal. SEB and Blackstone agreed to the terms of the deal […]

India Inc invested $2.7 billion overseas in March.

Overseas investments by Indian companies stood at USD 2.77 billion in March, up 37.6 percent over the previous month, with Binani Industries, Mercator Lines, HCL Technologies, Varun Shipping, Hexaware Technologies, and Tata Steel emerging as major investors. As many as 489 overseas investment transactions were carried out by various companies in March, as per the […]

NRI market is least volatile.

For most top property developers in India, the Non-Resident Indian (NRI) is a crucial part of their business. They know that the NRI will always want a piece of his/her homeland, no matter the price and no matter the time. Thus, despite the price rise of 43 per cent to as much as 166 per […]

High response to India-focused PE has been observed

The Tata Group Company plans to raise $500 million for an India-focused private equity (PE) fund through its partnership with Mizuho Securities of Japan. Tata Capital announced last month that it will raise 1 billion Dollars from both the foreign and domestic investors by the end of next year. On the other hand, Mizuho Sec […]

Singapore realty encourages prospective Indian property buyers

Fearing a crash in local real estate prices, many well-heeled Indians are buying properties in Singapore. While such purchases could be pure investments, the lure of permanent residentship offered to certain investors under the Singapore law may have also influenced the decision. Many are drawn by the sheer ease in buying a house in Singapore. […]

New Craze For Homes Abroad

Indian companies picking up stake and buying out foreign businesses . Not only Indian Inc, but Indians are also showing their interest towards foreign destinations for second home. At the time when the Indian economy is struggling to get hold of the rising inflation, many of the rich Indians are actually busy fussing over and […]

Indiabulls REIT Drops Ten Per Cent on Singapore Debut

An uninspiring opening and an even worse close towards the end of the day marked Indiabulls Properties Investment Trust’s debut on the Singapore Exchange on 11th june. During the day, it went down to as low as 0.88 cents and closed 10% below the issue price of S$1. The stock could not breach its issue […]

Qatari Firm Will Invest In Asian Real Estate Projects

The Head of Real Estate at the Qatar Investment Authority said that the entity has made plans to invest in real-estate projects in Asian cities. He also added that the authority is further planning to buy distressed U.S. property assets. The company is concentrating on prime cities in India, China, Singapore, Korea, Vietnam and Malaysia, […]

Growth Of Industrial Rent Highest In Mumbai

Mumbai has witnessed the world’s highest (94.4%) increase in rentals of industrial space in 2007 from Rs 18 per square feet per month to Rs 35 per square feet per month ($10.88 per square feet per annum). With this, the financial capital of the country leaped 11 positions to be 26th most expensive industrial locations […]