Left Menu
Development News Edition

PE firms eyeing office, retail segment in Bengal


PE firms eyeing office, retail segment in Bengal

Global private equity firms are looking for opportunities in office and retail space in the

real estate sector in West Bengal after a successful stint in the logistics segment, a property consultant said on Friday.

"Global private equity firms are seriously planning to put their money in office and retail (in real estate) segment

in West Bengal," CBRE India managing director Nikhil Bhatia told PTI.

Blackstone, Brookfield, KKR, GIC, ESR, Warburg Pincus Avendus Capital, Goldman Sachs and Xander Group are among

companies which are "evaluating right opportunities" in the state, another official of the property consulting firm said.

"In West Bengal, warehouse absorption stood at 3.3 million sqft in 2019, marginally lower than 3.4 million sqft,

absorbed in the previous year," the official said. In 2019, office leasing in Kolkata has recorded a

sharp growth totalling 1.3 million sqft of commercial space, he said.

Leasing activities in the last calendar year were driven by IT majors and banks that had taken up new office

space in the city's satellite townships, the official said. Bhatia said similar trend will continue in the current

year with fresh interests from the global private equity firms.

PE firms' interests in the residential sector are also set to grow in the coming years, he added.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION/BLOG/INTERVIEW

Conspiracy theories on COVID 19: Legislators, Scientists, and Journalists all joined the Caravan

Conspiracy theories are not new for virus epidemics. There have been conspiracy theories on HIV-AIDS, Polio Vaccines, Ebola Virus, and several other diseases as well. However, what makes the 2019 Novel Coronavirus different from others is ...

Top 10 Fake News, Myths and Realities on 2019 Novel Coronavirus COVID 19

With nearly 1500 deaths by January 14 and around 65,000 infections in China, the Novel Coronavirus 2019 has become one of the worst health epidemics of the 21st Century. However, 8,573 people have been cured but the rumor mongers are a...

Handling fake news Infodemic in time of Coronavirus epidemic

Social media has provided a platform where everybody can disseminate his her views without any supervision. Its excellent if the message is genuine but misinformation is equally disastrous. Health is such a topic where every Tom and Harry c...

Sentiment Analysis on Budget 2020: Long shot for solution to economic worries?

Industries and individuals alike had high expectations from the government to take tangible steps but the budget 2020 seems to have failed expectations....

Videos

Latest News

Barnes scores 32 as Kings hold off Grizzlies

Harrison Barnes scored a season-high 32 points and shot 7-for-11 from 3-point range Thursday night to help lead the Sacramento Kings to a 129-125 victory over the visiting Memphis Grizzlies. I was just trying to let it fly, Barnes said. Tha...

Shopowner shot dead by bike borne-assailants in Delhi

A shop-owner was shot dead by unknown assailants under Fatehpur Beri police station in the national capital on Thursday night, police said here Friday. The helper of the man killed was also injured in the attack.The deceased has been identi...

Cricket-New Zealand's Jamieson seizes opportunity against India

New Zealands Kyle Jamieson was probably not even in the running to make his test debut against India before Neil Wagner withdrew from the squad but the towering pace bowlers superb display on Friday suggests it will now be difficult to over...

CCB Bengaluru raids spa centre running sex racket in Mahadevapura

The City Crime Branch CCB of Bengaluru City Police on Thursday raided a spa centre that was running a sex racket under the garb of spa services. The spa centre is located at Hoodi village in Mahadevapura area of Bengaluru.So far, six women ...

Give Feedback