11 April
Mumbai
Reporter: Mark Dugdale

India real estate deals hit $3.42 billion


India’s real estate market saw 19 investments worth $3.42 billion during the quarter that ended in March, according to Venture Intelligence.

The research firm’s latest report on Indian private equity investments in real estate identified a 66.4 percent increase in value over the previous quarter’s $2.05 billion from 24 transactions.

The January-to-March quarter was also up on the same period in 2016, when 18 transactions worth $1.26 billion were completed.

According to Venture Intelligence, the commercial segment dominated transactions, with Singaporean wealth fund GIC investing $2.14 billion in real estate developer DLF’s rental arm.

The commercial segment experienced an all-time high investment worth $2.6 billion across five transactions during the quarter, Venture Intelligence reported.

The next largest deal reported during Q1 2017 was Blacktone’s $250 million investment in a 15-percent stake in the office holding company of K Raheja Corp.

Canadian pension fund Caisse de dépôt et placement du Québec also committed to setting up a real estate investment platform with Piramal Enterprises by contributing $250 million.

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
BMO adds nine assets to UK portfolio
23 October 2017 | London | Reporter: Theo Andrew
The properties are spread across the office (35.9 percent), industrial (34.5 percent), retail warehousing (22.5 percent) and retail sectors (7.1 percent), reflecting an initial yield of 4.8 percent
Kennedy Wilson Holdings completes $8 billion merger with European arm
20 October 2017 | California | Reporter: Theo Andrew
The $1.98 billion (£1.5 billion) deal equated to an offer of $15.49 (£11.74) per KWE share, a 20 percent premium on the $12.91 (£9.79) per share closing price on 21 April
Aviva acquires Bristol redevelopment
20 October 2017 | Bristol | Reporter: Becky Butcher
Aviva Investors has purchased the first phase of a redevelopment business park in Bristol for £30 million
Coyote names Rob Bould as non-executive director
19 October 2017 | London | Reporter: Theo Andrew
Rob Bould, who has 40 years of real estate experience, will help grow the data platform, which will track, manage and report the performance of real estate assets in real-time
Hammerson expands flagship Parisian shopping centre
19 October 2017 | Paris | Reporter: Theo Andrew
The 11,000-square metre property adjoins its Les Trois Fontaines centre, the firm’s recently refurbished flagship asset in Paris
SELF II reaches €500 million on third close
19 October 2017 | Paris | Reporter: Theo Andrew
The pan-European debt fund achieved the equity through institutional investors from France, Germany and Italy
Encore+ adds Dutch office for €50 million
18 October 2017 | Eindhoven | Reporter: Theo Andrew
The the pan-European open ended core-plus fund is co-managed by Aviva Investors and LaSalle IM, as fund manager and asset and transition manager, respectively