Brookfield Asset Management
Peninsula Brookfield Investment Managers Pvt. Ltd., a real estate based fund, has made an investment worth Rs. 200 crore in the upcoming projects of Bengaluru based home builders organisation Total Environment Building Systems Pvt. Ltd. Present investment estimates: The Rs. 200 crore investments by Peninsula Brookfield is a structured debt in the form of non-convertible [...] Continue Reading »
Real estate firm Unitech will sell non-core land parcels to reduce debt by 15-20 percent and improve cash-flows for faster execution of ongoing projects, company’s chairman Ramesh Chandra has said. Unitech currently has over 100 ongoing projects, totalling an area of 38.41 million sq ft. Its net debt stood at Rs 5,900 crore at the [...] Continue Reading »
Unitech Chairman Ramesh Chandra has said in a recent statement that the realty firm plans to sell its non-core land parcels. The move being mulled by the company is essentially aimed at reducing its debt. In addition to the sale of its non-core land parcels for reducing its debt, Unitech is also planning the monetisation [...] Continue Reading »
The Real estate developer Unitech is selling the 17.5 acres of land in Noida’s Sector 144 to the locak builer Gulshan Homz for a price of Rs 400 core as two people involved in the deal stated. The developer is hopefully going to use the money to reduce the debt that stood at Rs 6,316 [...] Continue Reading »
An amount of Rs 400 crore will be raised by Ansal Properties and Infrastructure Ltd from Peninsula Brookfield Investment Managers, which is a joint venture company of Peninsula Land Ltd and Brookfield Asset management. The money will apparently be raised by Ansal properties as structured debt via the non-convertible debenture (NCD) route. With Peninsula Brookfield [...] Continue Reading »
The private equity (PE) firms are looking at exiting out of the real estate companies due to the slowdown in the economy and the slump in the Indian property market. When they exited their investments, many made a handsome profit too. According to a recent report by Brookfield Financial, until March 2014, nearly a fifth, [...] Continue Reading »
There are some major management changes happening in the realty sector in India. Unitech Corporate Parks (UCP), the London Stock Exchange-listed firm that owns six IT Special Economic Zones (SEZ) in India is all set to sell its stake in the projects to Canada’s Brookfield Asset Management for about 205.9 million pounds (Rs 2,050 crore). UCP [...] Continue Reading »
During the time when whole of real estate market is witnessing a downward graph, some investors have entered the market as angels. They have showered their blessings on it during its bad phase. The worries of buyers, builders and financiers are coming to an end as investors are setting in to set the market right. [...] Continue Reading »
Brookfield Asset Management, a Canadian firm has teamed up with Peninsula Land, a branch of Ashok Piramal Group and planning to invest Rs 500 crore fund in real estate sector. It is a joint effort and the fund will initiate from April 2012. The fund will also have an over allotment option of Rs 150 [...] Continue Reading »
