Page 5 - Prestige Estates

Prestige Estates signs deal with Blackstone for stake sale in firm's assets

Prestige Estates is looking to sell the assets to reduce debt and generate liquidity via the Blackstone deal

Prestige Estates' PBT declines 74% in Q1 as Covid-19 dents business

While the company registered a consolidated net profit of Rs 20 crore for the period, a fall of 83 per cent vis-a-vis a year ago, total income stood at Rs 1,296.3 crore for the realty major

Prestige Estates looks to pare debt, raise liquidity via Blackstone deal

Bengaluru-based realtor has over 30 mn sq ft of offices and over five mn sq ft of malls under various stages of development

Prestige Estates surges 7% amid report Blackstone may acquire group assets

Blackstone will acquire 100 per cent control of around 20 million square feet of commercial space, including 16 million sq ft of ready and completely leased assets, the report said

The rise and rise of Prestige Estates: How the realty firm bucked the trend

Most of Prestige's projects in Bengaluru launched in the last three years were located along the upcoming metro lines. These include: Prestige Falcon City, Prestige Park Square and Prestige Elysian.

Realty uptick: Top rated companies see bookings rise 2% to Rs 5,800 cr

Sales bookings of DLF, Sobha, Puravankara, Prestige Estates, Brigade Enterprises, Mahindra Lifespace Developers, Godrej Properties, Oberoi Realty and Kolte Patil have been taken into account

Top realtors in talks with Graphite India to acquire Bengaluru land

Deal size expected to be in the Rs 2,000-25,000 crore range

Prestige Estates up 10% as arm acquires 50% stake in Lokhandwala DB Realty

Prestige Falcon Realty Ventures has invested in Lokhandwala DB Realty LLP by way of capital account contribution and has been admitted as partner of the LLP with 50 per cent economic & voting rights.

Prestige Estates surges 6% on fund raising plan via preferential issue

The stock of the real estate developer hit an all-time high of Rs 364 on December 3, 2019 on optimisation of strong pipeline of rental assets yielding growth in rentable income.

Prestige Estates, Polycab India hit 52-week high in subdued market

Prestige Estates Projects were up for the fifth straight trading day, up 7 per cent at Rs 345, while Polycab India hit a new high of Rs 967, up 3 per cent on the BSE.

Prestige stock hits 52-week high on Marriott deal, strong launch pipeline

Increase in debt in September quarter is an overhang

Prestige Estates enters NCR property market; to invest Rs 500 cr in housing

In its last 32 years of operations, the Bengaluru-based Prestige Group has completed 236 real estate projects comprising nearly 125 million sq ft of developable area, mostly in south India

Eye on acquisitions, Prestige Estates plans to foray into NCR, Mumbai, Pune

Prestige and its partners expect to have rental income of Rs 10 billion in FY19

Prestige Estate is weeks away from entering Mumbai's residential market

Prestige has built over 200 buildings, of which around 70 per cent are in Bengaluru, and has a Crisil DA1 rating that no other realtor in the nation has

Canadian pension funds join race to buy Prestige Estates stake

Prestige is looking to sell 40-50% stake in its rental assets and could raise about $500 million

Prestige Estates surges after board announces interim dividend

The board has approved payment of interim dividend at the rate of 12% i.e. (Rs. 1.2 per share) for the financial year 2015-16.