Development assets take the share

01 May 2019 Editorial Team

Investments in development assets as a share of total investments across various real-estate asset classes (excluding residential) have risen to 33 per cent ($ 960 million) in 2018 (YTD) from 4 per cent ($ 135 million) in 2017, according to a JLL report.

Blackstone, along with its JV with Embassy Group, Salarpuria Sattva, Panchshil Realty and K Raheja Corp, owns 78 million sq ft, while Brookfield has built an office space portfolio of 24 million sq ft.
Ascendas Property Fund Trustee has entered into agreement with Phoenix Ventures to acquire two upcoming commercial office buildings at a Vance Business Hub in Hyderabad.
ASK Group has invested $ 31 million in ATS Infrastructure’s mixed-use development project in Noida.
In retail, GIC bought a 50 per cent stake in Viviana Mall, Thane, while Blackstone acquired stake in Forum Group’s Esplanade Mall in Bhubaneswar. Dutch pension fund APG Asset Management and Xander fund have formed a platform to invest $ 450 million in the retail sector.
Investor attention in warehousing and logistics has increased manifold. Canada Pension Plan Investment Board and Indospace have formed a JV—Indospace Core—with an initial commitment to invest $ 500 million to acquire and develop modern logistics facilities.

Infrastructure Urban

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