MRI Software, a US-based proptech company, has acquired LeaseEagle, an Australian provider of commercial property lease management solutions, for an undisclosed price. LeaseEagle, which is based in Melbourne, caters to tenants in corporate, retail, healthcare and other sectors. Established in 2005, the company’s software is used by clients for managing more than 50,000 locations across […]
Indian real estate company DLF Limited has launched a luxury residential project called ONE Midtown in New Delhi. To be built in Shivaji Marg, Moti Nagar, the ONE Midtown residential project is a joint venture between the company’s fully-owned subsidiary DLF Home Developers and Singapore’s sovereign wealth fund GIC. Aakash Ohri — DLF Home Developers […]
Impact Healthcare REIT, a UK-based real estate investment trust, said that it has acquired three care homes for £14.3 million. The real estate investment trust has purchased two properties in this regard that have existing tenants. These include the Springhill Nursing care home in Kilmarnock, Scotland for an amount of £3.25 million and a couple […]
US private equity firm Blackstone said that its Core+ Real Estate strategy in Asia will acquire Singaporean wealth fund GIC’s stake of 49% in the Dexus Australia Logistics Trust for AUD 2.1 billion ($1.5 billion). The remaining 51% stake in Dexus Australia Logistics Trust will be held by Dexus, an Australian real estate investment trust […]
CL Educate Limited, an Indian edtech company that owns the Career Launcher brand, said that it has sold a third plot of land this year. According to the company, over the last few years, it has been in the process of quitting asset heavy businesses. In line with this decision, CL Educate has been planning […]
Ashiana Housing said that it has signed a development agreement pertaining to the construction and development of a group housing project at Pudishilli, Rugri, Anchal Chandil in Saraikella Kharswan district in Jharkhand. According to the New Delhi-based real estate development company, the potential saleable area of the proposed group housing project is nearly 3,88,000 square […]
TARC Ltd has posted revenue of INR 16,102 lakhs for the second quarter of the current financial year (Q2 FY21-22). The New Delhi-based real estate development company said that it had seen a year-over-year growth of 652.8% in EBIDTA and a ten-fold surge in profit before tax. Amar Sarin — Managing Director and CEO of […]
Värde Partners, a global alternative investment firm, has signed a £380 million deal to sell Helix Investments Limited, the holding company of BizSpace, a provider of regional flexible workspace in the UK, to Sirius Real Estate. The buyer is a property company listed on the London Stock Exchange. With 72 locations throughout the UK offering […]
Mahindra Lifespace Developers Ltd. said that it has finalized the terms for initiating a joint development on a 4.8-acre land parcel located in Dahisar East in Mumbai. According to the real estate business of Mahindra Group, the land parcel is situated strategically on the Western Express Highway. The joint development will be the maiden project […]
CL Educate, the owner of the testprep brand — Career Launcher, said that it has sold a couple of plots of land in Faridabad and Amritsar to raise over INR 10.5 crores. The Indian edtech and martech company said that over the last few years, it has been looking to exit asset heavy businesses, which […]