Private equity firm Blackstone Group and property developer Panchshil Realty have emerged frontrunners for buying Citibank's old headquarters in Mumbai, India. The Blackstone-Panchshil combine have jointly bid INR186 crore for Citigroup Center.
CBRE Group Inc
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The CBRE Group Inc said Chinese insurance companies could spend USD 14.4 billion in commercial real estate investments overseas.
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