Prestige Retail Ventures Acquires Gloind Vintage Infra in ₹519 Crore All-Cash Deal

Prestige Estates Projects' wholly owned subsidiary Prestige Retail Ventures acquired 100% of Gloind Vintage Infra for a gross enterprise value of about ₹519 crore on November 3, 2026. ScanX reported the all-cash deal. Gloind, incorporated on April 3, 2025, with its registered office in Gurugram, operates in real estate, construction and land development. Prestige Group is the listed developer behind the transaction.

Prestige Retail Ventures' Gloind Purchase Terms

The shares were bought from DSFF Series 2, a scheme of Dickey Special Situation Investment Trust, and Mr. Jasbir Singh, at ₹5 lakh per share. Gloind becomes a wholly owned step-down subsidiary of Prestige Estates. The transaction is expected to be consummated on or prior to November 12, 2026. Prestige Estates said the deal is not a related party transaction and that neither the promoter nor the promoter group holds any interest in it. No governmental or regulatory approvals were required.

Gloind holds 100% of Tarun Realtors Private Limited, a Bengaluru-based real estate development and construction company incorporated on December 6, 2004. Gloind reported nil turnover for FY26 and a net worth of ₹0.04 million. Tarun Realtors recorded FY26 turnover of ₹0.81 million and a net worth of ₹819.03 million, after turnover of ₹1.49 million in FY25 and ₹1.34 million in FY24.

Prestige Estates' Earlier Project Launches

Prestige Estates launched Garden Breeze in Bengaluru's Sarjapur on September 17, 2026, a 10-acre residential project with 655 apartments and a ₹1100 crore gross development value, ScanX reported. The same month, Prestige Group announced Prestige Bougainvillea Gardens in Sector 150, Noida, marking its entry into the NCR region, according to PRLog. On September 29, 2026, Prestige Estates completed two Hyderabad residential projects, delivering 1,047 homes across Prestige Clairemont and Bellagio @ The Prestige City, ScanX reported.

Thor and Hamilton Zanze Deals Elsewhere

Thor Equities Group closed a $217.5 million acquisition of 1359 Broadway, a 22-story, 486,000-square-foot office building in Midtown Manhattan, GlobeNewswire reported on November 2, 2026. Hamilton Zanze acquired Vital at Springbrook, a 300-unit multifamily community in Alcoa, Tennessee, closing on October 27, 2026, with financial terms not disclosed, citybiz reported. Aura acquired full control of Bayit Bakfar for NIS 1.7 billion, paying NIS 1.15 billion in cash and NIS 550 million in shares, The Jerusalem Post reported on October 29, 2026.