AUCKLAND: AMP Limited and Ares Management Corporation have entered into a non-binding Heads of Agreement to pursue the formation of a joint venture for AMP Capital’s private markets businesses of infrastructure equity and infrastructure debt, real estate and other minority investments. Under the proposed transaction, Ares would acquire 60 percent of Private Markets and assume…
WASHINGTON: CoStar Group Inc. has reached an agreement to acquire Homesnap Inc. for $250 million in cash, a news release said. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. Over 300,000 agents nationwide use the application an average…
LONDON: Tritax Big Box REIT plc announced exchange on the sale of three assets including Wolseley, Baker Business Park, Ripon; DHL, Langley Mill, Nottingham; Whirlpool, Warth Park, Raunds; to two separate purchasers for a total consideration of £77 million. “Through our ongoing evaluation of the portfolio, we consider these assets to have reached their full…
The British Land Company plc is one of the largest property development and investment companies in the United Kingdom. The firm became a real estate investment trust when REITs were introduced in the UK in January 2007. It is headquartered in London, England. It is listed on the London Stock Exchange and is a constituent…
LONDON: Aroundtown’s fully consolidated subsidiary TLG successfully signed the disposal of a retail property portfolio for the amount of approx. €190 million and a further retail property portfolio for approx. €300 million for which the buyer has a discretionary rescission right until August 31, 2020. The retail properties are located across Germany and were sold…
DUBAI: Deyaar Development PJSC, one of Dubai’s leading property developers and real estate service providers, announced its financial results for the first quarter of 2020, wherein the company reported revenues of AED 98.8 million and net profit of AED 2.6 million for the three months ending 31st March 2020 after recording a precautionary provision for…
SINGAPORE: Thakral Corporation’s recently incorporated subsidiary, Thakral Umeda Properties Pte. Ltd. has added the Umeda Pacific Building, an 11-storey office building, to its portfolio of properties in Osaka, Japan. The building has a gross floor area of 9,179 sqm and net rentable area of 6,359 sqm. The fully-tenanted property is prominently and strategically located along…