Soilbuild Group chairman, Blackstone to privatise business REIT in $525 million deal
BENGALURU: Soilbuild Group’s executive chairman will team up with Blackstone Group to take its listed unit Soilbuild Business Space REIT private in a S$700.3 million ($524.49 million) deal, the real estate company said on Monday. Soilbuild Group Executive Chairman Lim Chap Huat and Blackstone are offering S$0.55 per share in cash to take the Singapore-focused […]
DLF-GIC joint venture to be ready for launch of its REIT in 15-18 months
NEW DELHI: Realty major DLF’s rental arm DCCDL has started the process of structuring its rent-yielding commercial assets in Real Estate Investment Trust (REIT) form but the timing to launch the public issue will be decided by the promoters. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF and Singapore’s sovereign wealth […]