Monday, November 19, 2007

The UK-headquartered Knight Frank Group will launch a $250 million India-focused real estate fund

According to rediff news, the Knight Frank India offshore fund will raise investments from high net worth individuals and other investors from the UK and will have an investment threshold of $0.5 million and above.

The knight Frank fund will invest in FDI-complaint projects in India. The fund-raising is expected to begin by January 2008 and will close in a couple of months.

Rutley Capital Partners (RCP), Knight Frank's real estate private equity and investment management arm, is expected to spearhead the launch of the India fund.
Though the company is awaiting certain approvals, it has started discussions with potential investors and is putting a management team to run the fund.

Knight Frank India Executive Director Keku Cola is expected to head the new fund and the group has also roped in Pranav Datta from Mahindra Gesco to head one of its operations.

Though Knight Frank India is operating in the country for the last 12 years and has four offices in Mumbai, Gurgaon, Pune and Bangalore, the new fund will operate independently and have a separate team.

Along with its US-based real estate partner Newmark Knight Frank, the Knight Frank Group's global network encompasses more than 165 offices in 36 countries across six continents. It has over 5,300 professionals and handles some $36.1 billion worth of commercial, agricultural and residential real estate annually.

Flickr Photo: I'm Frank, Knight me.: Mr Radiohead's photos

1 comment:

  1. real estate Indian real estate real estate fund off shore real estate fund India focused real estate fund UK Knight Frank Group Knight Frank India,These lines are true.I am agree withArchitects Coventry this.

    ReplyDelete