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US realty investment firm Hines launches APAC fund with $400m from OTPP arm


US realty investment firm Hines launches APAC fund with $400m from OTPP arm
Gurugram, India. Photo by Alok Sharma on Unsplash.
May 4, 2021
US-headquartered real estate investment firm Hines has launched a flagship fund for the Asia-Pacific Region, Hines Asia Property Partners (HAPP), with a $400 million investment from Cadillac Fairview, the real estate investment arm of Canada’s largest single pension scheme Ontario Teachers’ Pension Plan.
Cadillac Fairview is the lead founding investor in the fund, according to a statement released on Tuesday. The transaction probably marks its first capital deployment in the region.
HAPP will be a multi-sector, open-ended, diversified vehicle targeting top-tier markets in Japan, Australia, South Korea, Singapore, and Greater China. The fund will invest in logistics, office, living, retail, and select niche sectors targeting core plus returns. ....

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DLF completes acquisition of 51.8% stake in Fairleaf


The realty major on Thursday announced that its material subsidiary DLF Cyber City Developers (DCCDL) has completed the acquisition of 51.8% stake in Fairleaf Real Estate for Rs 779.40 crore.Consequently, Fairleaf has become a wholly owned subsidiary of DCCDL.
DCCDL had in December 2020 entered into a securities purchase agreement with funds managed by Hines for acquisition of their stake in Fairleaf, which owns and operates One Horizon Centre, Gurugram.
One Horizon Centre is an asset forming part of a larger mixed-use development located in DLF 5, Gurugram. The leasable area of the property is approximately 8,13,000 square feet offering high-end Grade A office spaces along with complementary retail space. ....

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DLF's rental arm acquires 51.8 pc stake in Fairleaf for Rs 780 cr


DLF s rental arm acquires 51.8 pc stake in Fairleaf for Rs 780 cr
ANI |
Updated: Feb 19, 2021 10:50 IST
New Delhi [India], February 19 (ANI): Real estate major DLF Group s rental arm DLF Cyber City Developers Ltd (DCCDL) has acquired 51.8 per cent stake in Fairleaf Real Estate Pvt Ltd for Rs 780 crore.
In December last year, DCCDL had entered into a securities purchase agreement with funds managed by Hines, a global real estate investment, development and management firm, to acquire stake in Fairleaf.
Hines owned and operated One Horizon Centre in Gurugram, an iconic asset forming part of the larger mixed use development located in one of the most sought-after location at DLF 5 in Gurugram with a leasable area of 8.13 lakh square feet, offering high-end grade-A office spaces along with complimentary retail space. ....

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Top stocks to watch on February 19


Top stocks to watch on February 19
Feb 19, 2021
​IndiGo, SpiceJet and other tourism stocks in focus
IndiGo’s market share rose to 54.3 percent in Jan, while SpiceJet’s fell to 12.8 percent from 16.6 percent earlier.
Credit: BCCL
​Airtel, RIL and Vodafone-Idea (Vi) in focus
Airtel added 40.51 lakh customers, Jio added 4.79 lakh, and Vi lost over 56.90 lakh customers in December.
Credit: BCCL
​DLF rental arm acquires One Horizon Centre building in Gurugram for ₹780 crore
US-based real estate developer Hines held 52 percent stake in the One Horizon Centre, and the rest was with the DCCDL.
Credit: BCCL
​Oil India to bid for 61.6 percent stake in Numaligarh Refinery ....

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