New Delhi: assets representative JLL India’s funding arm Segregated budget institution (SFG) on Wednesday stated it has raised Rs a hundred and twenty crore to put money into residential initiatives.
“JLL’s Segregated price range institution has introduced the first near of its 2d fund; Residentialpossibilities Fund – II at Rs 120 crore (USD 18 mn approx), capital commitment,” SFG said in a statement.
released with a goal of raising Rs 300 crore, the fund has finished its first near inside a span of 5 months, itbrought.
The 5–year closed ended fund seeks to invest in residential investment opportunities in seven towns in Delhi-NCR, Mumbai- MMR, Chennai, Bengaluru, Hyderabad, Pune and Kolkata.
“With the contemporary market state of affairs, our cognizance first of all, is to spend money on valuedislocated situations along with bulk apartment inventory purchase at reductions and debt financingagainst undertaking receivables in excessive high-quality residential tasks,” SFG leader executive officer Mridul Upreti said.
He said the enterprise plans to do offers in the range of Rs 20-50 crore in a mix of equity and debtestablished offers.
incorporated in 2012, JLL SFG currently manages its maiden home AIF – Scheme Residentialopportunities Fund-I (ROF-I) with an AUM of Rs 161 crore.
“we’ve got generated attractive returns from our investments within the first fund and have alsocommitted the entire capital of ROF-I,” he stated.
JLL SFG operates beneath a separate prison entity, Jones Lang LaSalle investment Advisors Pvt Ltd (JLLIA).
tale first published on: may also 11, 2016 22:forty seven (IST)
Tags: JLL India, Segregated price range organization, SFG, residential tasks