Assetz Property To Float $250 Mn Project Fund
The new fund will invest in building properties between Rs.3700 and Rs.5500 per sqft with majority of the money earmarked for Bengaluru. Assetz recently raised Rs.900 crore from financial institutions including Altico Capital, HDFC Bank and Aditya Birla Finance to expand its residential portfolio in Bengaluru.
Assetz Property segregated its business in India into three verticals to raise funds separately. In August last year, Sydney-headquartered LOGOS Group raised $400 million and entered into a partnership with Assetz Property to launch its operations in India and raise a new fund. The two partners set up, LOGOS India, a standalone platform to develop assets worth $1 billion.
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