U.S. hedge fund Cerberus has bought a 1 billion euro ($1.4 billion) book of commercial real estate loans from Lloyds Banking Group at a 21 percent discount to their nominal value, the UK bank said on Friday.
PE Real Estate
Mumbai-based realty major Lodha Group has bought a 0.67-acre property near the Buckingham Palace in London for over INR3,120 crore. The property will be converted into super-luxury residential flats.
Indian private equity firm Milestone Capital Advisors Ltd. is planning to raise an INR500 crore real estate fund with a greenshoe option of additional INR250 crore. The firm expects to launch its eighth fund early next year.
Canada Pension Plan Investment Board and Shapoorji Pallonji Group today announced the formation of a strategic alliance to acquire FDI-compliant, stabilized office buildings in the major metropolitan areas of India.
Holliday Fenoglio Fowler LP or HFF was able to secure USD 100 million in financing to fund the acquisition of Tower at Cityplace by Parmenter Realty Partners.
Jones Energy Inc has signed a deal to purchase oil and gas assets in the Andarko Basin from a private seller. The price tag for the producing and undeveloped assets is USD 195 million.
The following bids, mergers, acquisitions and disposals were reported on Monday including Greece banking, Fiat, BOFA, Mechel, Saputo, RBS, Lohmann, Carlyle Group, Monte dei Paschi di Siena, Kuwait Airways, Dubai Holding, SunEdison, Blackstone, Greece National Bank, IMG Worldwide, KKR, Babcock, AMR, Orrick, BAC and Fisker Automotive.
Singapore-listed AIMS AMP Capital Industrial REIT entered the Australian market by buying a 49% stake in Optus Center at Sydney's Macquari Park for over USD184 million.
The following bids, mergers, acquisitions and disposals were reported on Friday, including Microsoft, Comcast, Green Dot, Goldman Sachs and others.
Hutchison Whampoa Property, a subsidiary of Li Ka-shing controlled Hutchison Whampoa Ltd, sold a Victoria Peak house for USD 740 million to an unnamed buyer.
The following bids, mergers, acquisitions and disposals were reported on Wednesday including Telefonica Deutschland, Devon Energy, Metro AG, Devon Energy Corp and others
Bank of America Merrill Lynch or BofAML has topped Citibank and Morgan Stanley in executing deals in India for the past 11 months, completing transactions worth USD 7.96 billion.
The following bids, mergers, acquisitions and disposals were reported on Tuesday including Nokia, IntercontinentalExchange Group, Goldman Sachs and others.
Singapore's Ascendas Pte Ltd. on Tuesday said it would raise SGD600 million (USD481.6 million) to invest in real estate in India. Singapore's sovereign wealth fund, GIC Pte Ltd. would be a principal investor in Ascenda's fund.
NEWCASTLE ANNOUNCES AGREEMENT TO ACQUIRE $1 BILLION OF SENIOR HOUSING ASSETS FROM HOLIDAY RETIREMENT
Newcastle Investment Corp announces agreement to acquire $1 billion of senior housing assets from holiday retirement
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