PE Investments in Real Estate Perk up in Q2'13
Ascendas Trust's Rs.600 crore (about $110 million) acquisition of 2 million sq. ft of office space in Hyderabad from Phoenix Group was the largest investment during Q2’13. This was followed by Xander's Rs.280 crore ($52 million) investment in Supertech's 125 acre township project in Gurgaon and Clearwater Capital’s (along with Ajay Piramal Group non-banking financial company PHL Finance) Rs.300 crore ($50.2 million) investment to finance VGN Developers’ acquisition of a land parcel for a gated community project in Chennai.
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Labels: private equity in real estate