Mukesh Ambani has purchased a vacant building in New York’s Tribeca district for $17.4 million. Formerly owned by tech billionaire Robert Pera, the site has been tied to multiple unbuilt mansion plans.
Sobha Realty has achieved a major milestone with the successful issuance of its USD 750 million Green Sukuk, the largest of its kind by a real estate developer globally. Oversubscribed by 2.8 times, the landmark transaction reflects strong investor confidence in the company’s financial stability and sustainability commitments.
Samty Holdings has sold two portfolios of newly built multi-family properties worth ¥49 billion to sovereign wealth funds, with the developer retaining asset management responsibilities following its privatisation by Hillhouse.
Legence Corp. has launched the roadshow for its proposed IPO, offering 26 million shares with pricing expected between $25 and $29 per share, ahead of a planned Nasdaq Global Select Market listing under the symbol “LGN.”
EVT Limited has launched EVT Connect Hospitality, its new third-party hotel management platform, with the acquisition of Pro-invest Group’s hotel management arm. The deal covers 15 hotels across Australia and New Zealand, totalling 3,200 rooms.
Azora has bought a 50.1% stake in Greece’s Donkey Hotels, adding five luxury properties including NOUS Santorini and the Athenaeum Intercontinental. The partners plan portfolio upgrades and further acquisitions in Greece’s booming hospitality sector.
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