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Business Standard
17 hours ago
- Business
- Business Standard
MNCs prefer institutional office assets for setting up GCCs in India: C&W
Multi-national companies are preferring office space owned by REIT landlords for setting up their Global Capability Centers (GCCs) in India, according to Cushman & Wakefield. Property consultant Cushman & Wakefield in its report 'Asia REIT Market Insight 2024-25' highlighted that the three listed office REITs have delivered more than 15 per cent of capital appreciation in the last 12 months ended June. There are three office REITs in India -- Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT -- while the Nexus Select Trust is backed by retail real estate. As of June 2025, the Indian REIT market, comprising all four REITs, had an operational portfolio size of more than 105 million sq ft. "By the end of the calendar year 2025, a fourth office REIT is expected to make its listing debut on the bourse," the report said. Bengaluru-based Sattva Group and Blackstone-backed Knowledge Realty Trust (KRT) have already filed Draft Red Herring Prospectus (DRHP) with the SEBI. "With 48 million sq ft of pan-India Grade A office space (37 million sq ft operational and 11 million sq ft under development), we expect to see KRT become one of the largest real estate investment trusts listed in India," the consultant said. The report highlighted that MNCs are preferring institutionally owned office assets. "At a Pan-India level, GCCs have accounted for 28-29 per cent of GLV (gross leasing volume) on average over the last four quarters up to Q1 (January-March) 2025," the report said. In contrast, the consultant said that REIT landlords were able to achieve 40-60 per cent of total leasing demand coming from GCC firms. In the 2024 calendar year, Cushman & Wakefield data showed that the gross leasing of office space stood at record 89 million square feet across seven major cities. The report also mentioned that India's office REIT stocks have outperformed the Bombay Stock Exchange (BSE) Realty Index significantly. During the 12-month period up to June 2025, all three office REIT stocks delivered more than 15 per cent capital appreciation. "The key driver has been the underlying strength of India's office real estate market, triggered by heightened demand from GCCs, engineering and manufacturing, and BFSI firms," the report said. The consultant noted that REIT landlords are also benefiting from growing preference for premium workspaces by corporates. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Arab News
2 days ago
- Politics
- Arab News
North Korea vows to build new navy destroyer by October 2026
SEOUL: North Korean officials and shipyard workers pledged to complete construction of a new navy destroyer warship by October 10 next year, state news agency KCNA reported on Tuesday. Video footage from North Korea's state-run television KRT accompanying the news showed shipbuilding workers standing to attention listening to speeches at the Nampho shipyard, as well as several cranes and people nearby working with safety helmets and uniforms. In June, North Korea restored a 5,000-ton destroyer that was damaged during an earlier failed launch attempt, with leader Kim Jong Un pledging a more modern naval fleet to enhance the country's maritime power in the Pacific Ocean against what he said were provocations by the United States and its allies, according to KCNA.
The Star
6 days ago
- Health
- The Star
Domestic violence surge spurs action from ministry
Advocates for change: Participant Nor Azila Muda, 47, (centre) holding a sign calling for the elimination of violence against women at the Women's Wellbeing Advocacy Programme @ Domestic Violence (Aku Wanita @ KRT) in Kuala Ibai. — Bernama KUALA TERENGGANU: A total of 2,467 cases of domestic violence were recorded nationwide from January to April this year, most of them involving housewives, says Datuk Seri Dr Noraini Ahmad. The Deputy Women, Family and Community Development Minister said studies showed that most of the abuses were committed by people close to the victim. 'There may be some (victims) who do not even realised they are being abused because the abuse is not just physical, it is emotional. 'Sometimes the perpetrators also use 'reverse psychology',' Noraini said, Bernama reported. 'Studies also found that most abuse is committed by the people closest to the victim or among family members,' she told reporters after launching the Women's Wellbeing Advocacy Programme @ Domestic Violence (Aku Wanita @ KRT) here yesterday. Noraini said that from January to April, 104 cases of domestic violence were recorded in Terengganu. Although the number was a decrease compared to 130 cases recorded during the same period last year, the figure was still worrying, she added. The ministry has started various initiatives to help reduce the number of domestic violence cases, including through the Aku Wanita @ KRT Programme. Through the programme, issues related to domestic violence will be discussed in depth with experts and survivors who will share how they escaped and recovered from abusive relationships. 'In addition, a psychological intervention session called 'K-Chat' has also been introduced through this programme.' The session is a group intervention between survivors with trained counsellors and facilitators to help participants understand and deal with issues that have befallen them due to the abuse, she added.
New Straits Times
16-07-2025
- New Straits Times
Over 2,460 domestic violence cases recorded from January to April this year
KUALA TERENGGANU: A total of 2,467 cases of domestic violence were recorded nationwide from January to April this year. Deputy Women, Family and Community Development Minister Datuk Seri Dr Noraini Ahmad said studies showed that housewives were the group with the highest incidence of domestic violence. "But there may be some (victims) who do not even realise they are being victims... because this abuse is not just physical, it is emotional abuse. Sometimes the perpetrators practice 'reverse psychology' as well. "Studies also found that most abuse is committed by the people closest to the victim or among family members," she said when met by reporters after officiating the Women's Wellbeing Advocacy Programme @ Domestic Violence (Aku Wanita @ KRT) here today. Meanwhile, Noraini said that from January to April, 104 cases of domestic violence were recorded in Terengganu. She said that although the number showed a decrease compared to the same period last year, which was 130 cases, the figure was still worrying. Noraini said in this regard, the ministry had taken various initiatives to help reduce the number of domestic violence cases, including through the Aku Wanita @ KRT Programme, designed to approach the community in addressing the problem. She said that through the programme, issues related to domestic violence will be discussed in depth with experts and survivors, namely victims who have successfully escaped domestic violence problems, for them to share their stories of recovery. "In addition, a psychological intervention session called 'K-Chat' has also been introduced through this programme. "This session is a group intervention between survivors with trained counsellors and facilitators to help participants understand and deal with issues that have befallen them due to violence," she added.
Barnama
16-07-2025
- Barnama
Over 2,460 Domestic Violence Cases Recorded Between January And April
GENERAL KUALA TERENGGANU, July 16 (Bernama) -- A total of 2,467 cases of domestic violence were recorded nationwide from January to April this year. Deputy Women, Family and Community Development Minister Datuk Seri Dr Noraini Ahmad said studies showed that housewives were the group with the highest incidence of domestic violence. "But there may be some (victims) who do not even realise they are being victims... because this abuse is not just physical, it is emotional abuse. Sometimes the perpetrators can do 'reverse psychology' as well. "Studies also found that most abuse is committed by the people closest to the victim or among family members," she said when met by reporters after officiating the Women's Wellbeing Advocacy Programme @ Domestic Violence (Aku Wanita @ KRT) here today. Meanwhile, Noraini said that from January to April, 104 cases of domestic violence were recorded in Terengganu. She said that although the number showed a decrease compared to the same period last year, which was 130 cases, the figure was still worrying. Noraini said in this regard, the ministry had taken various initiatives to help reduce the number of domestic violence cases including through the Aku Wanita @ KRT Programme designed to approach the community in addressing the problem. She said that through the programme, issues related to domestic violence will be discussed in depth with experts and survivors, namely victims who have successfully escaped domestic violence problems, for them to share their stories of recovery. 'In addition, a psychological intervention session called 'K-Chat' has also been introduced through this programme. This session is a group intervention between survivors with trained counselors and facilitators to help participants understand and deal with issues that have befallen them due to violence,' she added.
