Propertymart News  

January 2, 2008

Deutsche Bank arm makes $70 mn Indian real estate investment

Filed under: News — admin @ 6:59 am

Mumbai, India, January, 2008 - RREEF, the global alternative investment management business of Deutsche Bank, advised by Deutsche Asset Management (India) Pvt Ltd, has made its first real estate investment in India. RREEF has substantially completed the purchase of an undisclosed stake in Bangalore and Hyderabad-based real estate development company, Golden Gate Properties Ltd, for US$ 70 mn (Rs. 2735 mn).

UK wants to be a genuine partner in developing India’s Infrastructure

Filed under: News — admin @ 6:56 am

New Delhi, India, January,2008 - Speaking at the inaugural session of the UK-India Infrastructure Conclave on January 16, organized by the Confederation of Indian Industry (CII) and UK Trade and Investment (UKTI), in Delhi, Digby, Lord Jones of Birmingham, UK Minister for Trade and Investment said that his country wants to be a genuine partner in developing India’s infrastructure and not just a contractor. Given India’s rising stature in the global sphere, he also endorsed India’s membership of the UN Security Council and the G-8. He said that several British companies such as Bombardier and Mott McDonald are already engaged in developing India’s infrastructure. He projected UK as an attractive and open global financial centre, ready to share its expertise and participate in India’s PPP ventures in the infrastructure sector.

Now real estate and healthcare at Future Group stores

Filed under: News — admin @ 6:47 am

Mumbai, India, January, 2008 - The Future Group, whose flagship company Pantaloon Retail operates over 1,000 stores nationwide, is looking to maximise the value of its locations through selling real estate and healthcare.

Pantaloon Retail to set up wholly owned subsidiaries

Filed under: News — admin @ 6:24 am

Mumbai, India, January 2008 - Pantaloon Retail India Ltd has announced that the Board of Directors of the Company at its meeting held on January 22, 2008, inter alia, has approved setting up wholly owned subsidiary Companies for Big Bazaar and Food Bazaar, Speciality Retail Business Activities and Property & Mall Management Division and transfer the respective businesses of the Company on a going concern basis to the respective subsidiaries, subject to receipt of all requisite statutory and other necessary approvals.

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