Page 2 - Commercial Property

Blackstone, Brookfield bet on Indian office REITs for attractive yield

Brookfield Asset Managem­ent in October agreed to pay $2 billion for 12.5 million square feet of rent-yielding offices and co-working spaces in Asia's No 3 economy

Prestige Estates looks to pare debt, raise liquidity via Blackstone deal

Bengaluru-based realtor has over 30 mn sq ft of offices and over five mn sq ft of malls under various stages of development

Covid-19 impact: MNCs strike big rental deals despite work from home push

RMZ, one of the biggest owners of office properties in southern India, has done a handful of lease rental deals with global firms in recent weeks.

HNIs flock to commercial properties as residential market slows down

Strata sales in the top five cities last year were worth Rs 6,000 crore

Realty 2019: Housing sales remain sore spot; commercial segment takes lead

Housing sales rose by a mere 5% to 2,61,370 units in 2019 across seven major cities compared to 2,48,310 units in the previous year

Indiabulls Real Estate sells commercial assets to Blackstone for Rs 810 cr

Indiabulls has been selling its completed as well as ongoing commercial assets to Blackstone to reduce its debt

Commercial trumps residential segment as investors eye annuity assets

Real estate stocks clocked sharp gains on expectations that investor interest in commercial real estate, lower commercial inventory, especially in Bengaluru, Pune, and Hyderabad, and stable rents in key markets would help developers with sizeable commercial projects to reap benefits. An analyst at a domestic brokerage says global institutional investors are taking a long-term view of prospects in the commercial real estate and are getting annuity projects at attractive valuations.On Monday, Indiabulls Real Estate announced it will demerge its commercial assets into a separate entity to bring greater focus to its current operations. Earlier in the month, the Canada Pension Plan Investment Board committed an investment of ~1,600 crore for a 49 per cent stake in Island Star Mall Developers, a subsidiary of Phoenix Mills. Over 80 per cent of Phoenix Mills' assets are in the commercial segment. Cushman and Wakefield had indicated that private equity investment in Indian commercial assets ..

Rental arms of realtors big draw for global investors

As office rentals firm up, investors see this as an opportunity to pick assets and scale up their portfolio

Commercial property gets attractive

While hospitality, educational institutes and offices are gaining traction, warehousing could become a good option after the implementation of GST