India’s Kotak Investment Advisors launches $400 mln office assets fund

03/21/2019 7:03:00 AM (GMT)

India-based Kotak Investment Advisors Ltd., (KIAL) a real estate investment arm of Kotak Mahindra Bank Ltd., has unveiled a new fund which will collaborate with real estate developer DivyaSree Developers.

The $400 million vehicle, India Office Assets Fund I, and DivyaSree will partner to develop and purchase commercial office assets across India.

KIAL will act as investment manager of the fund whereas DivyaSree will be the exclusive development partner and property advisor for the vehicle.

India Office Assets Fund I’s strategy is to develop greenfield projects and buy under construction and completed assets across key commercial office markets in India.

Kotak Mahindra Bank Ltd.

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