Commercial real estate executives say capital is still flowing into London and the U.K., particularly for those making long-term plays, but the recent decision to postpone Brexit is keeping some on the sidelines for now.
Commercial real estate executives say capital is still flowing into London and the UK, particularly for those making long-term plays, but the recent decision to postpone Brexit is keeping some on the sidelines for now.
HYDERABAD: Infrastructure conglomerate GVK Power & Infrastructure said it signed an agreement to sell a 49% stake in its airports business to the Abu Dhabi Investment Authority (ADIA) and the National Investment & Infrastructure Fund (NIIF). The investments will help the cash-strapped group to stave off overtures from Gautam Adani keen to buy the flagship Mumbai airport.The Adani Group made an offer in January for the 23.5% held by two South African companies, prompting GVK to ringfence itself.According to the term sheet, the ADIA and the local fund would invest in GVK Airport Holdings by acquiring new shares.
Leap Green plans to use the capital to repay debt and for developing the pipeline of projects. The post India: Leap Green Energy in talks with EIG Partners to raise $200m appeared first on DealStreetAsia.
National carrier Air India is looking at leasing five of the grounded carrier Jet Airways Boeing 777s and operate them to London, Dubai and Singapore. Jet Airways, grounded since last night, owns 10 wide- body Boeing 777-300 ER planes, along with a few Airbus A330s, which it used to operate on medium and long-haul international destinations such as London, Amsterdam and Paris connecting New Delhi and Mumbai.
GVK Power and Infrastructure Ltd Thursday said it agreed to offer 49 per cent stake inGVK Airport Holdings Ltd in favour ofAbu Dhabi Investment Authority (ADIA) and the National Investment and Infrastructure Fund (NIIF). In afiling with BSE, the city-based infra major said the transaction is subject to conclusion of confirmatory due diligence by ADIA and NIIF, agreement on definitive documents and satisfaction of customary closing conditions including regulatory and third party approvals and lender consents.
With so much new construction taking place in Manhattan, it's refreshing to see Aby Rosen take a chance on the Chrysler Building with a bet that people will still want to visit grandeur rather than just another glitzy shopping mall. -Tom Lowry.
SINGAPORE -- Governments across Southeast Asia are pushing ahead with efforts to create cashless economies, with less developed countries such as Vietnam and Thailand leapfrogging richer ones like Singapore and Malaysia in electronic payments. Vietnam and Thailand are experiencing a boom in mobile payments as more people use e-wallets to pay for goods and services without going through an intermediary like a bank. Vietnam has been promoting electronic payments since 2008.
GPFG will extend interest on 12-asset New York portfolio in Hines/Trinity Wall Street JV. : Norway's sovereign wealth fund has extended its ownership interest in the Hudson Square portfolio in Lower Manhattan that it part-owns with real estate firm Hines and Trinity Church Wall Street, to a 99-year term from 72 years. The NOK8.9trn (EUR919bn) fund, the Government Pension Fund Global (GPFG), will pay approximately $98m (EUR87m) for the extension of its 48% ownership interest in the 12-asset portfolio, the fund's manager Norges Bank Investment Management (NBIM) announced.
* Liberum analyst says sale price supports valuations (Adds details on sale, retail sector, debt): April 18 (Reuters) - Britain's Intu Properties plans to sell a 50 percent stake in an East Midlands shopping centre to a Kuwait-backed real estate investment firm for 186.3 million pounds ($242.53 million) in an attempt to cut its debt. Cale Street Investments, which is backed by Kuwait's sovereign wealth fund, plans to buy half the interest in the Derby shopping centre, which is visited by 22 million shoppers each year, Intu said in a statement on Thursday.