Friday, April 4, 2008

Triangle RE fund to raise $500 m for Indian realty

To cash in on the growth of organised retail in India, UK and South Africa-based real estate investment groups have launched retail property focused Triangle Real Estate Fund (TREF) for India. The $500 million fund will be routed through Mauritius and will be managed by Property Zone - a joint venture between Old Mutual Investment Group Property Investments Ltd., South Africa and ICS Realty Private Limited, India.
Triangle RE fund to raise $500 m for Indian realty

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