Basis Industrial, a Florida-based real estate owner and operator, has acquired an industrial portfolio in Tampa for $33 million. The assets involved in the deal are Brandywine Business Center at 3801 Corporex Park Drive, Corporex Plaza at 3902 Corporex Park Drive, and Presidents Plaza Business Center at 4801 George Road. Basis Industrial said that it […]
Sunteck Realty Limited (SRL) said that it entered into a leasing agreement with Upgrad Education for the Sunteck BKC51 commercial building in Mumbai. The Mumbai-based luxury real estate development company will give nearly two lakh square feet of built-up area of the commercial building to the online higher education company for a lease term of […]
Max Ventures & Industries (MaxVIL) said that its real estate unit Max Estates has secured the completion certificate for Max Square greenfield development in Sector 129, Noida. According to the Indian real estate business company, the Indian Green Building Council (IGBC) has given the highest possible green building standards to the Max Square development. In […]
Aldar Properties, a UAE-based real estate developer, has acquired Al Fahid Island for AED 2.5 billion ($680 million), expanding the company’s land bank and near-term development pipeline in Abu Dhabi. The 3.4 million sqm Al Fahid Island is situated on the Sheikh Khalifa bin Zayed Highway (E12), which connects Abu Dhabi’s Yas Island and Saadiyat […]
Puravankara Limited, an Indian real estate company, has pre-launched the Lakevista residential project at the Purva Windermere lake-side development in Chennai’s Pallikaranai. Lakevista, which is situated in the heart of South Chennai, has over 1,000 homes, including 1, 2 and 3 BHK, ranging from 611-1,491sft area. Apart from being close to various IT parks, markets, […]
Lessen, a real estate property services platform, has acquired SMS Assist, a facilities maintenance technology company, in a cash and stock deal, to bolster its property services in the US. The transaction is said to create a combined entity with an enterprise value of more than $2 billion. In addition, Lessen will raise around $500 […]
Realty Income, The Monthly Dividend Company, will acquire up to 185 single-tenant retail and industrial properties from subsidiaries of CIM Real Estate Finance Trust (CMFT) in an all-cash transaction valued at around $894 million. Leased to 55 retail clients, the collective 185 property portfolio is estimated to include up to 4.6 million square feet of […]
Security Properties, a real estate investment firm, has acquired Brightleaf at Lakeline, a multifamily property in Austin, Texas, in an off-market deal, to increase its footprint in the Austin market. With this acquisition, Security Properties owns 112 assets tallying around 23,000 units across its portfolio, including one other 204-unit in Austin. Completed in 2022 on […]
Bhudevi Infra Projects Limited, a Bengaluru-based real estate company, is set to co-develop Xona Project in Hyderabad with Sameeulla Ghouse Dastgir and others. In this regard, the board of directors of Bhudevi Infra Projects at a meeting has proposed that the company enters into a joint development agreement (JDA) with the parties. Xona Project has […]
Indian real estate development company Shriram Properties, through its fully-owned subsidiary Shriprop Builders, has acquired Bengaluru real estate developer Suvilas Realities. As part of the transaction, Shriram Properties will assume the ownership of an ongoing residential project Shriram Suvilas Palms situated at Jalahalli, Bengaluru. Shriram Suvilas Palms, being developed on a 6.9- acre land, is […]