Shapoorji Pal­lonji, Al­lianz tie up for $500 m realty fund

Financial Chronicle - - PLAN, POLICY -

Con­struc­tion ma­jor Shapoorji Pal­lonji group and Ger­many­based Al­lianz group have tied-up for a $ 500 mil­lion eq­uity fund to buy of­fice as­sets in In­dia. Al­lianz, one of the world's lead­ing in­sur­ers and as­set man­agers, said it has "part­nered with Shapoorji Pal­lonji Group to es­tab­lish SPREF II, a Sin­ga­pore-domi­ciled, ru­pee de­nom­i­nated, closed-ended fund tar­get­ing the of­fice mar­ket in In­dia".

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.