UK-based NewRiver REIT plc said that it has wrapped up the previously announced £222.3 million sale of Hawthorn Leisure REIT to AT Brady Bidco Limited (Admiral Taverns). Hawthorn Leisure REIT is the holding company of the entire community pub business, that was previously owned by NewRiver REIT. On the other hand, its new owner — […]
Crest Ventures Limited, a Mumbai-based non-banking finance company, said that it will acquire a stake of 5.12% in Vascon Engineers Limited for nearly INR 250 million ($3.36 million). Vascon Engineers, which is based in Pune is a construction engineering company. It is engaged in real estate development, which includes owning and operating projects with a […]
Metrospaces, a Florida-based PropTech company powered by Shokworks, has acquired a stake of 50.6% in a 60,295sft office building called Brazos Atrium in Houston, Texas. The terms of the deal were not disclosed. The acquisition of stake in the $3.85 million office building is said to be part of the company’s plans of transforming tokenized […]
LondonMetric Property has agreed to divest the Kirkstall Bridge Shopping Park, a retail park in Kirkstall, Leeds, to an undisclosed British institutional investor, for £25.2 million. The 120,000 sq ft Kirkstall Bridge Shopping Park was developed by LondonMetric Property in 2015. The site of the retail park was acquired by the company in 2011. According […]
KBS, a commercial real estate investor, has divested the nine-story Peakview Tower in Greenwood Village, Colorado for $66 million to a joint venture led by Vanderbilt Office Properties, a real estate investment manager. The 264,149 square-foot office tower is located within the Southeast market of Denver. KBS had acquired it originally in August 2012. Gio […]
Dalfen Industrial, a Texas-based real estate investment manager, has acquired an additional industrial property in Henderson, Nevada for an undisclosed price. The acquired 40,817 square foot industrial property located at 1080 Mary Crest Rd. is fully occupied by a long-term tenant at a below market rent. Sean Dalfen — Dalfen Industrial President and Chief Investment […]
Info Edge (India) Ltd., the owner of Naukri.com, has increased its stake in Thane-based 4B Networks Private Limited to 19.9% by investing INR 7 crores. The internet technology company has acquired an additional 1,358 compulsorily convertible preference shares (CCPS) to increase its already held stake of 12.3% in 4B Networks Private Limited from 12.3%. Incorporated […]
Keener Investments has acquired the Montelago Luxury Apartments — a multifamily property with 312 units in the Bay Area of Houston, Texas, for an undisclosed price. Keener Management, a fully-owned subsidiary of the real estate investment company will manage the Montelago Luxury Apartments. The property is the eighth acquisition of a multifamily property in the […]
Veer Global Infraconstruction Limited (VGIL) said that it has acquired a land pocket of size 5032.35sqm (54,168sqft) in Vasai, Palgarh district in Maharashtra. The company said that the land is suitable for constructing a residential and commercial complex. The acquired land has an assessed market of INR 543.69 lakhs. Founded by Vijaybhai Vagjibhai Bhanshali, Veer […]
Kolte-Patil Developers, a Pune-based real estate developer, said that it has created a residential development platform with proptech company Planet Smart City for developing 15,000 housing units. The parties will mainly focus on developing smart aspirational housing projects in Pune, Bengaluru, and Mumbai. Kolte-Patil Developers and Planet Smart City had previously co-developed Universe at Life […]