Prestige Estates Projects Limited announced key strategic acquisitions on July 7, 2025, aimed at consolidating its holdings in two of its real estate development partnerships, Prestige Notting Hill Investments and Prestige AAA Investments.
These acquisitions reinforce Prestige’s ongoing strategy to strengthen its control over major real estate assets and enhance operational efficiency.
Prestige Falcon Malls Private Limited (PFMPL), a wholly owned subsidiary of Prestige Estates, acquired a 49% partnership interest in Prestige Notting Hill Investments, a partnership firm involved in real estate development since 2006. With this acquisition, Prestige Estates now holds 100% partnership interest, both directly and indirectly, in the firm.
The acquisition was carried out by paying the retiring partners approximately ₹3,000 million, with settlement expected on or before July 31, 2025.
Prestige Notting Hill Investments currently holds a 70% stake in the “Forum South Bangalore” retail mall, while the remaining 30% is owned by PFMPL. The firm recorded a turnover of ₹1,216 crore in FY 2024-25. It had previously reported a turnover of ₹4,945 crore in FY 2023-24 and ₹744 crore in FY 2022-23, indicating a strong but fluctuating performance over the last three years.
In a parallel transaction, Prestige Estates also acquired a 48.99% partnership interest in Prestige AAA Investments, increasing its total holding in the entity to 99.99%. Prestige AAA, a partnership firm formed in 2014, is also focused on real estate development.
The acquisition deal involved a payout of approximately ₹256 million to retiring partners, to be settled by July 31, 2025.
Prestige AAA Investments reported robust growth in FY 2024-25 with a turnover of ₹2,633 crore, a significant leap compared to ₹253 crore in FY 2023-24 and ₹329 crore in FY 2022-23.
On July 8, 2025, Prestige Estates Projects share price opened at ₹1,639.00, up from its previous close of ₹1,630.50. At 9:50 AM, the share price of Prestige Estates Projects was trading at ₹1,625.90, down by 0.28% on the NSE.
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These acquisitions mark a significant milestone for Prestige Estates Projects Limited as it takes greater control over its strategic real estate ventures. By consolidating its stake in both firms, the company aims to enhance operational control, streamline decision-making, and drive further value creation in its core real estate operations.
These developments align with Prestige’s long-term growth and asset consolidation strategy in India’s competitive real estate sector.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jul 8, 2025, 9:52 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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