Indian real estate developer Godrej Properties has announced a new redevelopment project in Wadala, Mumbai on a land parcel spread over 7.5 acres. Godrej Properties said that the Wadala redevelopment project will offer nearly 1.6 million square feet of saleable area, which will mainly comprise residential apartments having various configurations. According to the Mumbai-based real […]
Mumbai-based real estate developer Godrej Properties claims to have raked in INR 575 crores worth of sales in a single day by launching the second phase of its Godrej Woods residential project in Noida. Godrej Properties said that its forest-themed phase dubbed as Evergreen helped the total sales in the Noida residential project in the […]
Sunteck Realty Ltd. said that it intends to develop a marquee land parcel of around 50 acres at Shahad, near Kalyan in Maharashtra. The Mumbai-based real estate and construction company will develop a luxury integrated residential township in the location under the asset light joint development agreement (JDA) model with Amar Dye Chem Ltd. Sunteck […]
Stanley Martin Homes, a Virginia-based home building company, has agreed to acquire all the homebuilding assets and operations of Avex Homes located in Central Florida. The financial terms of the deal were not disclosed. The homebuilding assets included in the deal are more than 300 homes, that are presently under construction in addition to over […]
Arvind SmartSpaces Limited (ASL), an Indian real estate developer, said that its board of directors has sanctioned its plan to raise nearly INR 85 crores by allotting 6.85 million shares. According to the company, the shares were allotted to HDFC Capital Affordable Real Estate Fund-1 (H-CARE 1) and to its own promoters at the price […]
City of London Group said that it has signed a sale and purchase agreement to sell home reversion plans provider Milton Homes Limited and its fully-owned subsidiaries to Max Barney Investments for £9.3 million. For the financial year ended 31 March 2020, Milton Homes Limited made profit before tax of (£2.6) million. The company had […]
TARC Limited, a New Delhi-based real estate development company, said that it has wrapped up the previously announced INR 295 crores sale of its warehousing asset in North Delhi to BREP Asia ll EIP Holding. The seller is an affiliate of funds controlled, managed and/or advised by Blackstone. According to TARC, the sale of the […]
California-based real estate investor and operator MG Properties Group said that it has acquired Village on Main Apartments located on Point Ruston Waterfront in Tacoma, Washington for $85.5 million from Point Ruston Building 7 LLC. Village on Main Apartments is a 200-unit multifamily luxury apartment building, which provides a mix of retailers, restaurants, and entertainment […]
AEW UK REIT plc, a British real estate investment trust, said that it has divested a couple of industrial assets in England to an undisclosed buyer for £16.7 million. The assets involved in the sale are Units 16 and 16A, Langthwaite Industrial Estate in South Kirkby and Wella Warehouse in Basingstoke. AEW UK REIT said […]
City Office REIT has signed two separate agreements to divest its life science portfolio, comprising all its holdings in the Sorrento Mesa submarket of San Diego, for a total sum of $576 million. The US-based real estate company did not disclose who the buyers are. According to City Office REIT, the northern portion of the […]