19 December 2013
Various PE funds are in fray to acquire stake in Mumbai based realty firm Vardhman Developers' two real estate projects, ET states. Indiareit Advisors, Capri Capital Partners and Edelweiss Capital are in race to buy the stake.
Advisory firm Jones Lang LaSalle Meghraj is advising the realty firm on this deal.
Mumbai-based Vardhman Developers is developing two projects for R400 Cr in South Mumbai and Andheri, a north-western suburb in Mumbai. It plans to raise R100 Cr through an offering. The premium residential projects are located in Byculla in South Mumbai and in Andheri. The developers are also looking for raising debt.
Vardhman Developers Ltd is the flagship company of Vardhman group. Apart from real estate, Vardhman has also penetrated into the infrastructure industry in the form of Vardhman Concrete Ltd. (Formally known as Stresscrete India Ltd), an infrastructure company.
The company specializes in precast, prestressed technology and is involved in the construction of bridges, FOB, ROB, Warehousing housing for government and Semi – government bodies and institution.
Vardhman has recently ventured into the entertainment segment by bringing to Mumbai the World's Most Affordable Theme– Amusement Park called 'The World of Vardhman Fantasy'.
Founded in Mumbai, Indiareit fund Advisors Pvt. Ltd. is a real estate investment arm of Piramal Healthcare Limited specializing in redevelopment properties and residential projects. The firm seeks to invest in Mumbai.
Edelweiss is a diversified financial services Group. It offers a large range of products and services spanning across asset classes and consumer segments. Its businesses are broadly divided into Credit including Retail Finance and Debt Capital Markets, Financial Markets including Asset Management, Commodities and Life Insurance.
Headquartered in Chicago, Capri Capital Partners is a real estate and development firm. In addition to providing equity and debt capital solutions to property owners, Capri invests in the development of urban commercial and residential communities.
In this space, Red Fort India Real Estate Babur exited its investment in Godrej Developers Private Limited ; Xander group was investing R300 Cr into a project being developed by Bangalore based Nitesh Estate; Blackstone along with one of its portfolio company – Panchshil Realty was planning to buy Express Towers.
Various PE funds are in fray to acquire stake in Mumbai based realty firm Vardhman Developers' two real estate projects, ET states. Indiareit Advisors, Capri Capital Partners and Edelweiss Capital are in race to buy the stake.
Advisory firm Jones Lang LaSalle Meghraj is advising the realty firm on this deal.
Mumbai-based Vardhman Developers is developing two projects for R400 Cr in South Mumbai and Andheri, a north-western suburb in Mumbai. It plans to raise R100 Cr through an offering. The premium residential projects are located in Byculla in South Mumbai and in Andheri. The developers are also looking for raising debt.
Vardhman Developers Ltd is the flagship company of Vardhman group. Apart from real estate, Vardhman has also penetrated into the infrastructure industry in the form of Vardhman Concrete Ltd. (Formally known as Stresscrete India Ltd), an infrastructure company.
The company specializes in precast, prestressed technology and is involved in the construction of bridges, FOB, ROB, Warehousing housing for government and Semi – government bodies and institution.
Vardhman has recently ventured into the entertainment segment by bringing to Mumbai the World's Most Affordable Theme– Amusement Park called 'The World of Vardhman Fantasy'.
Founded in Mumbai, Indiareit fund Advisors Pvt. Ltd. is a real estate investment arm of Piramal Healthcare Limited specializing in redevelopment properties and residential projects. The firm seeks to invest in Mumbai.
Edelweiss is a diversified financial services Group. It offers a large range of products and services spanning across asset classes and consumer segments. Its businesses are broadly divided into Credit including Retail Finance and Debt Capital Markets, Financial Markets including Asset Management, Commodities and Life Insurance.
Headquartered in Chicago, Capri Capital Partners is a real estate and development firm. In addition to providing equity and debt capital solutions to property owners, Capri invests in the development of urban commercial and residential communities.
In this space, Red Fort India Real Estate Babur exited its investment in Godrej Developers Private Limited ; Xander group was investing R300 Cr into a project being developed by Bangalore based Nitesh Estate; Blackstone along with one of its portfolio company – Panchshil Realty was planning to buy Express Towers.
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