$2.1 billion real estate assets acquired by KKR

27 Jun 2024 CW Team

For around $2.1 billion, the investment company KKR purchased a portfolio of 18 multifamily real estate assets from a closed end fund run by developer Quarterra Multifamily. 5,200 units from California, Washington, Florida, Texas, Georgia, North Carolina, Colorado, and New Jersey are included in the portfolio. The worldwide commercial real estate market, particularly the office sector, is now experiencing its worst downturn since the financial crisis of 2007?2009. Non-bank lenders, however, think that things could have improved and that they can make good profits if prices rise. After two years of disruption in the commercial real estate markets, Justin Pattner, head of KKR's real estate equity in the Americas, stated, "We think this is a great moment to invest in real estate." To manage the assets, KKR will collaborate with well-known multifamily real estate operators Carter-Haston, MG Properties, and Dalan Real Estate.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..