Lenders approve Rs 490 crore bid for Jet Airways’ BKC office, Real Estate News, ET RealEstate

MUMBAI: Lenders have approved a Rs 490-crore bid by Vrihis Properties—a Brookfield company—for two floors of office space owned by the now bankrupt Jet Airways in Bandra-Kurla Complex. As the sole bidder, the Canada-based private equity fund had bid at the reserve price and did not face competition, banking sources said. At that price, the […]

Mumbai-based Vrihis Properties to take over Jet Airways’ BKC office, Real Estate News, ET RealEstate

MUMBAI: City-based Vrihis Properties has emerged as a successful bidder for the Jet Airways‘ Bandra Kurla Complex-situated premises and the company has “decided” to accept its offer at Rs 490 crore, now-defunct Jet Airways said in a regulatory filing on Saturday. The Jet Airways RP had issued a public notice on June 13 for the […]

Lenders put Jet Airways’ BKC office on the block at reserved price of Rs 490 crore, Real Estate News, ET RealEstate

MUMBAI: The dedicated bankruptcy court has allowed lenders of defunct carrier Jet Airways to sell its office assets located in BKC, a prime commercial suburb of Mumbai. On June 11, the Principal Bench of the National Company Law Tribunal (NCLT) allowed the lenders to go ahead with the monetization plan for about 1.70 lakh square […]

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