Big real estate deal shows office isn't going away
Brookfield Asset Management reiterated the importance of an office environment, by acquiring 12.5 million square feet of commercial space in India for $2 billion. This, as work from home continues.
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‘Rate cut not a solution to coronavirus impact’
Global PE giant Blackstone’s chairman says a toll on the global economy is inevitable, but the epidemic would also lead to business opportunities for those with access to capital.
FDI in real estate surges by 84.4%
Ever since FDI restrictions were lifted in 2005, the investment flow has been over $25 billion—70% of which has come between 2015 and 2019. Now, 2020 is also expected to be an action-packed year.
Real estate attracts $14 bn in foreign PE funding
About 63% of the total foreign private equity investments was in the commercial real estate space, while the residential sector attracted just $1.5 billion in funding.
Coffee Day to sell its tech park to Blackstone
The Bengaluru-based company expects the deal to significantly help in deleveraging the Coffee Day Group.
Blackstone to buy majority stake in Essel Propack for up to $460 mln
Based on the open offer subscription, the purchase price consideration will vary between $310 million - $462 million.
Blackstone to invest in TaskUs
While Blackstone did not provide financial details of the transaction, according to a Bloomberg report the private equity major is buying a “large” stake for $250 million.
