Goldman Sachs, Deutsche Bank and one more financial investor are likely to make a combined investment of $800 million in three special purpose vehicles (SPVs) which are being created by real estate group Emaar MGF. Each SPV will have one financial investor who will hold a minority stake.
Tag: Estate Investment Trust
Asian real estate board sees Singapore as major REITs centre
February 26, 2008 – 8:59 am
Singapore – The Asian Public Real Estate Association said on Tuesday told that a body which represents publicly traded Asia-Pacific real estate has set up a chapter in Singapore to ultimately serve as a major cross-border REITs centre. Market capitalization of the city-state’s real estate investment trust (REIT) market amounts to 21.6 billion dollars, second […]
RIL Vornado Joint Venture
February 19, 2008 – 1:54 am
Reliance Industries is in advanced discussion with the New York-based Vornado Realty Trust. It is one of the world’s top five real estate asset managers. Main aim of this discussion is to float a $1-billion plus fund. The proposed fund will acquire and manage properties, mainly in the retail space, across India. People familiar with […]
