Thu, Dec 18, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Category | IPOs/Stock Market more

China to suspend share issues by property firms

Posted on 29 April 2010 by Laxman  |  Email |Print

From Reuters: China will slap a moratorium on domestic share issues by real estate firms as part of a broader campaign to rein in surging property prices, potentially blocking $16.1 billion in capital raising, state media said on Wednesday.
The move could delay plans by 45 Chinese companies to raise a total of about 110 billion yuan through share sales, unidentified sources close to the China Securities Regulatory Commission told the China Daily………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Swire Properties said to seek up to $2.7 bln in share sale

Posted on 26 April 2010 by Laxman  |  Email |Print

From Bloomberg: Swire Properties Ltd., the biggest commercial landlord in eastern Hong Kong island, plans to raise as much as HK$20.8 billion ($2.7 billion) in an initial public offering, said two people with knowledge of the plan.

The unit of Swire Pacific Ltd. plans to raise between HK$18.9 billion and HK$20.8 billion by selling a 13.79 percent stake, according to the people, who declined to be identified because the information is private. Dutch pension fund manager APG Groep NV plans to buy Swire Properties shares worth $200 million, the people said yesterday…………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Hong Kong property shares drop on tightening fears

Posted on 23 April 2010 by Laxman  |  Email |Print

From Marketwatch.com: Hong Kong property shares declined in Thursday’s morning session, as sentiment was hurt by reports that the government may tighten policies on the residential property market to discourage excessive speculation.
Most local developers declined after The South China Morning Post reported the government may increase stamp duty on flats that cost up to 20 million Hong Kong dollars ($2.56 million) and also ban deferred payments on the duty, if there is excessive speculation in such properties………………………………………Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

India: Realtors, bankers spar over IPO valuations

Posted on 19 April 2010 by Laxman  |  Email |Print

From Indiatimes.com: Tension is simmering between property development companies, which are planning to raise funds through public offerings, and the merchant bankers to the share offerings.
There is a growing realisation among cash-starved realty companies that they may not be able to sell shares to the public at the valuations that were initially proposed by merchant bankers at the time of their appointment, according to senior bank officials…………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Swire plans $3 bln property spin-off

Posted on 19 April 2010 by Laxman  |  Email |Print

From WSJ: Blue-chip Swire Pacific Ltd. has received regulatory approval for the initial public offering of its property unit in Hong Kong that will raise around US$3 billion, a person familiar with the situation said Friday.

The roadshow for the spinoff of Swire Properties Ltd. will start April 26 and the unit is scheduled to list on the Hong Kong bourse May 14, the person said…………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

China property stocks are ‘very cheap,’ Liang says

Posted on 14 April 2010 by Laxman  |  Email |Print

From Businessweek.com: China’s property stocks, the worst performing group this year, are “very cheap” and may halt their slide as inflation accelerates and expectations build for yuan gains, according to Foundation Asset Management (HK) Ltd.

“Some time down the road, they have to revalue the renminbi upwards” to curb inflation, said Michael Liang, chief investment officer at Foundation Asset, which oversees $120 million, in a Bloomberg Television interview in Hong Kong…………………………………Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

India: Several real estate cos eyeing IPOs as stock market perks up

Posted on 12 April 2010 by Laxman  |  Email |Print

From Indiatimes.com: With the stock markets perking up and the real estate sector’s health also recovering, about 15 mid-and-large realty players are looking at tapping the capital market this year, a real estate expert said.

“About 15-odd real estate companies are aiming to list in 2010. Apart from the already successfully-listed DB, these include both mid-level and large companies such as Emmar MGF and Sahara,” real estate money management and services firm, Jones Lang LaSalle Meghraj’s (JLLM) Chairman & Country Head, Anuj Puri, said……………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Germany’s GSW may reignite European property IPOs

Posted on 07 April 2010 by Laxman  |  Email |Print

From WSJ: With stock markets stabilizing and private-equity investors hungry for cash, Europe could be on the crest of a wave of property initial public offerings.

In one of the first likely IPOs out of the chute, Goldman Sachs Group Inc. and private-equity group Cerberus Capital Management are preparing a public listing of GSW Immobilien, a Berlin real-estate company…………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Singapore’s first Reit IPO in two years raises $299 mln

Posted on 07 April 2010 by Laxman  |  Email |Print

From Financeasia.com: Cache Logistics Trust has raised S$417.3 million ($299 million) from the largest Singapore initial public offering since CapitaLand spun off its Asian shopping mall business in November last year.
It is also the first real estate investment trust of size to go public in Singapore since November 2007, although Indiabulls Property Investment Trust, which listed in June 2008, had Reit-like qualities, including a commitment to pay out at least 90% of its distributable profit and a cap on its gearing ratio at 35% (60% for Reits with a credit rating)…………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Property swaps sector needs test market to shake niche status

Posted on 24 March 2010 by Laxman  |  Email |Print

From Reuters: Europe’s five-year-old market for commercial property derivatives will struggle to mature beyond niche status unless more potential end-users support its development with “real money” test trades, experts said.

Banks, property companies, fund managers and pension funds were urged to get over liquidity fears and use or lose the fledgling market in 2010 as a longer-than-expected experimental phase threatened to spill into another year……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Squarestone Brazil plans UK IPO

Posted on 24 February 2010 by Laxman  |  Email |Print

From Dow Jones: Squarestone Brazil Ltd. is hoping to raise GBP250 million ($387 million) in the largest initial public offering in more than a year on the London Stock Exchange’s junior market, a person familiar with the company’s plans said.

Underscoring how investors are still heading to fast-growing countries such as Brazil, Russia, India and China even as Western Europe sputters toward recovery, Squarestone plans to invest cash raised on the Alternative Investment Market in three new Brazilian shopping-mall developments and future acquisitions, the person said……………………………………Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Brazil’s BR Properties seeks $914 mln share sale

Posted on 18 February 2010 by Laxman  |  Email |Print

From Reuters: BR Properties and its shareholders plan to raise up to 1.71 billion reais ($914 million) by selling shares of the Brazilian real estate developer.

Sao Paulo-based BR Properties and its stockholders will jointly offer 71.88 million voting shares at a price range between 14 reais and 18 reais, according to a statement published in a local newspaper on Wednesday………………………………….Full Article: Source

India: Realty firms mulls to raise $5.7 bln in 18 months

Posted on 18 February 2010 by Laxman  |  Email |Print

From Business-standard.com: Real estate players plan to raise a whopping $5.7 billion over the next 18 months through public offer and private placement of shares to fund projects and repay debts, property consultant Jones Lang LaSalle Meghraj (JLLM) said.
“At least $2.45 billion is expected to be raised through QIPs for which real estate players have shareholders’ approval and the remaining $3.31 billion is likely to come from IPOs,” Jones Lang LaSalle Meghraj Associate Director (Research) Abhishek Kiran Gupta said………………………………….Full Article: Source

Two U.S. real estate IPOs face cautious market

Posted on 11 February 2010 by Laxman  |  Email |Print

From Reuters: Initial public offerings by two real estate investment trusts took different directions in their market debut on Wednesday, as investors played it safe and rewarded the established business.
Shares of Piedmont Office Realty Trust Inc, specializing in high-quality office buildings in major U.S. markets, closed up 7.6 percent at $15.60………………………………..Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

India: Realty firms shun PE funding, opt for IPOs

Posted on 10 February 2010 by Laxman  |  Email |Print

From Moneycontrol.com: The real estate sector’s 16,000 crore ($3.5 billion) IPO pipeline is putting a spoke in the wheel of private equity deals. Several private equity deals have fallen through as companies seem to prefer the primary market route.

Unlisted real estate companies have always depended heavily on bank and private equity funding. Since banks have tightened lending, private equity players were scouting for some sweet deals. But that was not to be………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

India DB Realty $325 mln IPO subscribed 3 times

Posted on 04 February 2010 by Laxman  |  Email |Print

From Reuters: Indian developer DB Realty Ltd’s $325 million initial public offer was covered nearly 3 times by its close on Tuesday, with strong demand from institutions compensating for a lack of interest from retail investors.

The IPO was subscribed 2.95 times the shares on offer by 530 p.m. (1200 GMT), National Stock Exchange data showed. Most bids were at the lower end of the 468 to 486 rupees price band…………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Chinese real estate agent reduces IPO size but trades up

Posted on 01 February 2010 by Laxman  |  Email |Print

From Financeasia.com: The company, which owns the franchise for the Century 21 brand in China, raises $87.4 million after pricing its US IPO at the bottom of the reduced price range.

IFM Investments, which holds the China franchise for the Century 21 brand, was forced to reduce its offering price range by 20% at the low end last week to get its US initial public offering out the door…………………………………Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

China real estate IPO closes up after issue downsized

Posted on 29 January 2010 by Laxman  |  Email |Print

From Reuters: Shares of Chinese real estate company IFM Investments Ltd closed higher on Thursday after it cut the value of its initial public offering amid concerns of a Chinese real estate bubble.

China’s real estate market has grown along with the country’s economy and has benefited from improved access to credit, but some analysts warn the boom might not last………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Chinese real estate IPO priced at bottom of cut range

Posted on 28 January 2010 by Laxman  |  Email |Print

From Reuters: Chinese real estate company IFM Investments Ltd priced its initial public offering at the bottom of a lowered range, an underwriter said on Wednesday.

China’s real estate market has benefited from strong economic growth and improved access to credit, but some say the boom might not last………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

China developer Changjia plans up to $600 mln HK IPO

Posted on 27 January 2010 by Laxman  |  Email |Print

From Reuters: Changjia Group, a Chinese developer focused on high-end residential projects in Shanghai, plans to raise between $500 million and $600 million from a Hong Kong listing in March, sources familiar with the matter.

Shanghai-headquartered Changjia had hired Swiss bank UBS and U.S. bank Citigroup to jointly handle its initial public offering of shares, the sources said on Tuesday………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

IPO to test Chinese real estate market

Posted on 25 January 2010 by Laxman  |  Email |Print

From Reuters: China’s IFM Investments Ltd’s initial public offering could suffer because of mounting fears about a slowdown in China’s booming real estate market.

IFM has an exclusive franchise agreement to sell residential property in China under the Century 21 brand. It said in a regulatory filing it plans to sell 16.65 million American Depositary Shares priced for between $8.75 and $10.75, each………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

India: PEs give realty IPO exits a miss

Posted on 20 January 2010 by Laxman  |  Email |Print

From Business-standard.com: Better gains after listing, avoiding pricing pressure on stocks key reasons. Private equity (PE) investors are holding on to their investments and not opting for an exit in at least four of the upcoming public issues of real estate companies. They are expecting better gains once these firms get listed.

Initial public offerings (IPOs) are considered as one of the main exit routes for PE investors……………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Philippine property firms seen outperforming Index

Posted on 18 January 2010 by Laxman  |  Email |Print

From Mb.com.ph: Philippine property companies will outperform the benchmark stock index Philippine Stock Exchange index (PSEi) for a second year on expectations valuations will rise 28 percent as they set up real estate investment trusts, Credit Suisse AG said.

A measure of seven Philippine real estate stocks that’s valued at 17.6 times earnings will rise to 22.5 times in 12 months following a law in December giving tax breaks to property trusts, according to Gilbert Lopez, Manila-based strategist at Credit Suisse………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Chinese property-share valuations looking more attractive

Posted on 13 January 2010 by Laxman  |  Email |Print

From Marketwatch.com: Chinese property stocks have taken some punishment in recent weeks amid mounting fears that Beijing may act to cool down red-hot housing prices in some cities.

But while the threat of government action still looms, analysts are increasingly turning positive on valuations after the recent correction, with some advising that picking developers with a strong balance sheet and better cash flows could lead to profitable returns this year………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Philippine builders to beat stock benchmark, Credit Suisse says

Posted on 13 January 2010 by Laxman  |  Email |Print

From Businessweek.com: Philippine property companies will outperform the benchmark stock index for a second year on expectations valuations will rise 28 percent as they set up real estate investment trusts, Credit Suisse AG said.

A measure of seven Philippine real estate stocks that’s valued at 17.6 times earnings will rise to 22.5 times in 12 months following a law in December giving tax breaks to property trusts, according to Gilbert Lopez, Manila-based strategist at Credit Suisse………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Mazaya real estate firm launching IPO

Posted on 11 January 2010 by Laxman  |  Email |Print

From Gulf-times.com: Mazaya Qatar Real Estate Development Company’s initial public offering (IPO) will hit the market on January 17 to raise as much as QR500mn.

The real estate development company is offering 50mn shares at QR10 a share and there will be an additional Dh50 per share as offering cost. The IPO will close on January 31……………………………………Full Article: Source

Godrej Properties, sole Indian 2009 realty IPO, gains in debut

Posted on 06 January 2010 by Laxman  |  Email |Print

From Bloomberg: Godrej Properties Ltd., the sole major Indian real estate developer to sell shares in an initial public offering last year, gained as much as 20 percent in its Mumbai trading debut.

The real estate company, controlled by Indian billionaire Adi Godrej, raised 4.69 billion rupees ($101 million) selling 9.43 million shares to individuals and institutions last month……………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

8 Chinese property firms raise HK$35.8 bln through HK IPOs

Posted on 04 January 2010 by Laxman  |  Email |Print

From China Knowledge: Eight mainland real estate developers kicked off initial public offerings on the Hong Kong Stock Exchange and raised a total of HK$35.8 billion in 2009, sources reported.

Excluding shareholders’ income from the IPOs, Evergrande Real Estate Group Ltd topped the eight firms with funds totaling HK$8.25 billion, followed by Longfor Properties Co Ltd with HK$7.07 billion……………………………………Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Europe: Property sector’s bumps

Posted on 23 December 2009 by Laxman  |  Email |Print

From WSJ: Investors in European commercial property may not want to break out the Champagne just yet. There isn’t any doubt that European property stocks have come charging back this year.
The FTSE EPRA/NAREIT Europe index of property stocks surged 29% from the beginning of January to Dec. 21. But as any investor knows, past performance isn’t a guarantee of the future………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Brazilian real estate company Inpar plans IPO launch

Posted on 18 December 2009 by Laxman  |  Email |Print

From Dow Jones: The board of Brazilian real estate company Inpar SA (INPR3.BR) has requested its proposed initial public offering, or IPO, be analyzed by Brazil’s Finance and Capital Markets’ Association, ANBIMA.

The information was contained in a filing with Brazil’s securities and exchange commission, or CVM, on Thursday………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

European listed property market on the up

Posted on 17 December 2009 by Laxman  |  Email |Print

From Trustnet.com: European property stocks have risen a further 4.2 per cent since September and a total of 69 per cent since March 2009. Valuations in the underlying property sector have stabilised and are now rising in some areas.
The UK continues to lead the way in this respect, with the CB Richard Ellis (CBRE) monthly index showing capital values increasing by 2 per cent in October – the largest growth in the history of the index. Valuations in European markets have also troughed, thus signalling the bottom of the cycle……………………………….Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Saudi’s Knowledge City plans $267mln IPO

Posted on 17 December 2009 by Laxman  |  Email |Print

From Ameinfo.com: Tahir Bawazir, chief executive of Saudi Arabia’s Knowledge Economic City has said the firm plans to raise over SR1bn ($267m) in a public offering early next year, Reuters has reported. ‘30% of the company will go public. It is now in the process.
It is with the capital market authority,’ Bawazir told the news service. KEC, which is building a huge industrial complex for the Saudi Arabian government, anticipates its capital will reach SR3.4bn after the IPO and it intends to develop some 5 million square metres of land, attracting SR32bn in investment……………………………….Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

China’s worst-performing property stocks to rebound, CLSA says

Posted on 16 December 2009 by Laxman  |  Email |Print

From Bloomberg: China’s property stocks, the worst performers this quarter, will rebound because policy changes are “factored into” shares and the government needs the industry to bolster consumer spending, CLSA Asia-Pacific Markets said.

The China Se Shang Property Index of real estate shares fell the most in two weeks yesterday, led by the largest developers China Vanke Co. and Poly Real Estate Group Co., after the Xinhua News Agency reported the government will target “excessive” growth in property prices in some cities………………………………Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Americold Realty Trust files for $690 mln IPO

Posted on 15 December 2009 by Laxman  |  Email |Print

From Reuters: Refrigerated warehouse company Americold Realty Trust filed for an initial public offering worth $690 million on Monday.

The Atlanta, Georgia-based company, which is organized as a real estate investment trust (REIT), owns and operates temperature-controlled warehouses for fruits, vegetables and meats………………………………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

India realty IPOs: Bubbles that make little sense for serious investors

Posted on 14 December 2009 by Laxman  |  Email |Print

From Indiatimes.com: Of all the bubbles that were floating around back in the heady days of 2007 and 2008, the one that was the biggest is still hanging around, being maintained by a determined (or perhaps desperate) set of people.
At that time, it was clear to most of us that India’s real estate sector was a massive bubble. The froth was equally visible in the prices of real estate itself as well as the way real estate scrips were doing on the stock markets. And then came the crash and everything collapsed around the world……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

The stock market Vs real estate investing

Posted on 14 December 2009 by Laxman  |  Email |Print

From Bestsyndication.com: I am often asked about the stock market vs. real estate investing in terms of which is the better investment. Both offer growth and income. Real estate investing has its advantages and so does the stock market. How about the best of both worlds?

Other than the often touted fact that real estate investing has an advantage because “they’re not making any more of it”, many people have felt more comfortable in the past owning real property because it’s tangible……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

China Real Estate eyes Asia listing In 2010

Posted on 11 December 2009 by Laxman  |  Email |Print

From Dow Jones: U.K.-listed China Real Estate Opportunities PLC said Thursday it intends to “vigorously pursue” an Asian listing next year, to be closer to its operating market.

China Real Estate said in a statement it is investing in more than 250,000 square meters of commercial properties in Shanghai, and plans to add another 530,000 square meters of properties in China over the next three to five years………………………………Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Swire said to hire banks for $3 bln property IPO

Posted on 10 December 2009 by Laxman  |  Email |Print

From Bloomberg: Swire Pacific Ltd., the Hong Kong company with businesses ranging from soft drinks to airlines, plans to hire Goldman Sachs Group Inc., HSBC Holdings Plc and Morgan Stanley to arrange an initial public offering for its property unit, said four people with knowledge of the plan.

The company may spin off Swire Properties Ltd. in a share sale that may raise $2.5 billion to $3 billion next year, said two of the people, who declined to be identified because the information is private……………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Rightmove falls on report Google may start competitor

Posted on 04 December 2009 by Laxman  |  Email |Print

From Bloomberg: Rightmove Plc, owner of the U.K.’s largest residential property Web site, was the country’s worst- performing stock today after the Financial Times said Google Inc. may create a competing site that’s free.

Rightmove slumped 10 percent. Google, owner of the world’s most popular search engine, is talking to U.K. real-estate brokers about setting up an online property portal next year similar to one created in Australia that’s free to property brokers, the Financial Times reported, without saying where it got the information……………………………Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Dubai storm: Indian Realty IPOs to feel the heat

Posted on 30 November 2009 by Laxman  |  Email |Print

From Indiatimes.com: Domestic realty companies which are planning to tap the primary markets may not see a smooth sailing as the Dubai debt crisis is likely to undermine investor confidence in the sector.

As many as nine realty companies, including Emmar MGF, have filed their draft red herring prospectus (DRHP) with the market regulator SEBI aiming to raise about Rs 15,000 crore……………………………Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Excellence eyes $500 mln HK IPO next year

Posted on 27 November 2009 by Laxman  |  Email |Print

From Reuters: Chinese property developer Excellence Real Estate Group Ltd, which shelved its up to $1 billion Hong Kong IPO last month, plans to relaunch it next year, cutting the fundraising size to about $400 million-$500 million, sources close to the deal said on Thursday.

Asia has been the top region for companies tapping markets for money this year as its economies have outpaced other parts of the world still trying to inch out of a recession……………………………Full Article: Source

Indian property companies in IPO rush

Posted on 26 November 2009 by Laxman  |  Email |Print

From WSJ: India is bracing itself for a wave of initial public offerings that will raise almost $5 billion over the next six months, but some investors say not all deals will be taken up, and some may even be shelved or scaled back in size.
Investors are becoming increasingly choosy about quality, valuations and focus after the financial crisis battered confidence last year, say bankers and analysts………………………….Full Article: Source

CapitaMalls Asia IPO worth $1.8bln

Posted on 25 November 2009 by Laxman  |  Email |Print

From Cityscapeintelligence.com: Singapore real estate giant CapitaLand will raise $1.8 billion from selling shares in its CapitaMalls Asia division.

The company has revealed that the initial public offering (IPO) of its shopping malls unit has been priced at $1.53 a share………………………….Full Article: Source

CapitaLand raises S$2.47 bln in shopping mall IPO

Posted on 18 November 2009 by Laxman  |  Email |Print

From Bloomberg: CapitaLand Ltd. raised S$2.47 billion ($1.79 billion) selling shares in its CapitaMalls Asia Ltd. unit in Singapore’s biggest initial public offering since at least 1993.

Southeast Asia’s largest real estate developer sold 1.165 billion CapitaMalls shares at S$2.12 each, according to a prospectus on the Monetary Authority of Singapore’s Web site. The shares were offered at between S$1.98 and S$2.39 apiece…………Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Indian realty cos eye billions mop-up

Posted on 13 November 2009 by Laxman  |  Email |Print

From Indiatimes.com: Cash-strapped real estate companies looking for succour from the capital market are likely to run into headwinds on the pricing front.
Market watchers say unless the promoters price their issues a bit more realistically, they are likely to see a tepid response from investors. Some of the high-profile new issues over the past few months were felt to have been priced expensively, resulting in the stocks faring poorly on listing………………………..Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

Grainger plans to raise EUR 265mln

Posted on 06 November 2009 by Laxman  |  Email |Print

From Propertyeu.info: UK residential property group Grainger announced on Thursday that it is seeking to raise about £238 mln (EUR 265 mln) in a 2-for-1 rights issue.
The issue price of 90 pence per share is a 67% discount on Wenesday’s closing price………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Saudi Arabia: Real estate insolvency deal signed

Posted on 06 November 2009 by Laxman  |  Email |Print

From Zawya.com: Minister of Commerce and Industry Abdullah Zainal Alireza announced on Wednesday that liquidation agreements have been signed for 70 percent of insolvent real estate share businesses worth SR1.33 billion, adding that money received from the firms would be deposited at Bank Albilad.

Speaking to reporters after signing the agreements at his office, Alireza said the liquidated businesses have been transferred to official receivers and chartered accountants………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Longfor Properties seeks $1.05 bln from IPO

Posted on 03 November 2009 by Laxman  |  Email |Print

From WSJ: Chongqing-based Longfor Properties Co. is seeking to raise as much as US$1.05 billion in an initial public offering ahead of its Hong Kong listing, undaunted by lackluster investor response to several recent real-estate offerings.

Longfor is selling one billion shares in a range of 6.06 to 7.10 Hong Kong dollars (78 to 92 U.S. cents), people familiar with the situation said Monday………………………Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Brazil’s Cyrela raises 1.18 bln reais in stock sale

Posted on 28 October 2009 by Laxman  |  Email |Print

From Reuters: Cyrela Brazil Realty, Brazil’s largest real estate developer, priced shares of a stock offering on Tuesday at 22 reais.

The company said in a securities filing it sold 53.8 million new common shares, raising 1.18 billion reais ($678.6 million) in the offering……………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Morgan Stanley said to mull Australian property IPO

Posted on 14 October 2009 by Laxman  |  Email |Print

From Bloomberg: Investa Property Group, an Australian real estate firm owned by Morgan Stanley funds, plans to raise as much as A$750 million ($680 million) in an initial public offering, two people familiar with the matter said.

Investa may bundle several office towers into a fund to be listed in Sydney, the people said, declining to be identified because the proposed transaction isn’t public. Investa may sell shares before the end of the year, one of the people said…………………..Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed

banner
banner
December 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
293031