In the Real World – The Week that was July 5, 2013

From: Berinder Sahni
Date: Fri, Jul 5, 2013 at 5:21 PM
Subject: In the Real World – The Week that was

Key news

· Landmark Holdings pockets over 2x as Shipra Group buys back stake in residential project for $17.6M

· Xander NBFC invests $8.3 million in Century Real Estate

· GIC, Temasek, Oman may invest in HDFC property fund; commitment of $200mm

· Godrej Properties secures $138M from investors for residential project platform; Buys out HDFC PMS in two projects in Chennai and Chandigarh

· Captain Gopinath is in the process of forming a joint development pact with RMZ to develop 16,200 sq.ft. property situated just off Vittal Mallya Road

· Omaxe to invest Rs 200 crore to set up five-star hotel

· L&W purchases 25-acres in Devanhalli Bangalore being for Rs 100 crore from a large Bangalore-based industrial group for a residential project

· GMR to raise RS 550-crores by selling SEZ Land

· Shriram Properties readies partners to sell Gateway SEZ for $150 million

· Blackstone and Temasek Holdings are in separate discussion with Shriram Group to invest about US$200 million in Shriram Ventures

· Orbit Corp plans to foray in Delhi, Bengaluru markets

· Goldman Sachs closes bids for exiting Four Seasons property

· DLF misses another deadline to complete $300M deal to sell Aman Resorts

· VGN Developers plans to to raise close to INR 280-300 crore (around $50 million) from Clearwater Capital and Piramal NBFC for its Guindy project

· Agreement between the Roongta family Piramal Realty, to jointly develop the 1.5-acre Famous Studios at Mahalaxmi was called off due to new 2012 Development Control Rules (DCR) and the amended of public parking policy.

· International – Australia’s UGL looking to demerge real estate consultancy DTZ and list it on NYSE

· International – Baring Private Equity Asia is raising its first $500 million real estate fund

Source: Compilation of news articles from various publications

Warm Regards

Berinder Sahni CFA MRICS


320, Udyog Mandir 1;
Bhagoji Keer Marg;
Mahim (W)
Mumbai – 400 016
Mob. – +91 98215 65330

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