Blackstone Set to Privatise Tricon Residential in $3.5 Billion Deal

22 Jan 2024 CW Team

Blackstone, a major player in global investments, has revealed plans to take Tricon Residential private in a substantial transaction worth $ 3.5 billion. This strategic move marks a significant development in the real estate sector, signalling Blackstone's commitment to reshaping and expanding its presence in the international market.

The deal involves the privatisation of Tricon Residential, a notable player in the real estate industry, and underlines Blackstone's confidence in the long-term potential of the residential property market. The investment giant's decision to undertake this substantial transaction reflects its strategic vision for the real estate sector and its confidence in the value and growth prospects of Tricon Residential.

As Blackstone navigates this transformative deal, the $3.5 billion valuation underscores the magnitude of the transaction and its potential impact on the dynamics of the real estate market. The move aligns with Blackstone's broader investment strategy and showcases the company's agility in adapting to evolving market conditions.

This announcement will undoubtedly be closely monitored by industry experts and stakeholders, as it not only highlights the resilience of the real estate market but also provides insights into the strategic decisions shaping the global investment landscape.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..