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Godrej Properties has increased the size of its Qualified Institutional Placement (QIP) to Rs 6,000 crore, up from the previously planned Rs 4,000 crore, as reported by CNBC-TV18. This move reflects the company's strategy to enhance its capital base for future growth initiatives.
China's property crisis is expected to extend into 2025, with new home prices projected to decline by another 5% next year, maintaining the same pace as this year. Fitch Ratings anticipates a further 10% drop in new-home sales, despite government efforts to stimulate demand.
Nifty is expected to continue its upward trend on the F&O expiry day, signaling positive market sentiment. Meanwhile, Godrej Properties has opened its Qualified Institutional Placement (QIP) to attract investments. Stay updated with relevant content and transaction notifications.
NBCC has signed an MoU with HUDCO to develop a 10-acre institutional plot in Noida, with a project cost of Rs 600 crore. The company has achieved a standalone business value of Rs 22,300 crore in the first half of the year, marking one of its highest performances. Key projects include a Rs 15,000 crore satellite township in Srinagar and an Rs 8,400 crore Amrapali Phase 2 project in NCR, expected to boost revenue from Q4.
Curaçao's government will assume the annual investment costs of 18 million Netherlands Antilles guilders for the Curaçao Medical Center, covering loan repayments and interest previously managed by HNO Vastgoed en Beheer NV since 2019. The transfer of ownership is set for the fourth quarter of 2024, after which the hospital will be officially registered.
Hong Kong has officially opened its third airport runway, which is expected to provide only a marginal increase in landing slots. This development aims to enhance the airport's capacity amid growing air traffic demands.
TPG Angelo Gordon identifies a $2 trillion opportunity in home equity as Americans increasingly borrow against their homes following a rise in real estate prices. TJ Durkin, the firm's head of structured credit and specialty finance, estimates annual origination could reach $150 to $200 billion, highlighting the evolving landscape of home equity products.
Billionaire Livingstone brothers, through London & Regional Properties, are in a competitive bid to acquire budget travel company easyHotel, facing off against a fund managed by Tristan Capital Partners. The sale process is nearing completion, with a decision on the winning bid expected soon.
In-N-Out Burger, founded in 1948, has grown to over 400 locations and generates approximately $2.1 billion annually, making it the ninth largest burger chain in the U.S. Known for its fresh ingredients and low prices, the company has maintained a strong cult following while prioritizing employee wages and satisfaction. Under the leadership of Lynsi Snyder, the chain continues to thrive without franchising, embodying a unique business model that defies conventional fast-food practices.
St. James’s Place Plc is set to wind down three UK property funds totaling £1.84 billion, following a year of halted client redemptions amid a commercial real estate downturn. The firm announced that it will take approximately two years to sell off the majority of the assets. Transactions in its Property Unit Trust were suspended, along with deferred withdrawals in the Property Life and Pension funds as of October 2023.
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