JLL to raise $57 mn fund in India
Global realty service player Jones Lang LaSalle (JLL) recently got green signal from Securities and Exchange Board of India (SEBI) to launch its first residential focused fund in India.
JLL aims to raise $57 million through the fund. JLL got the approval under a new class of pooled-in investment – Alternative Investment Funds (AIFs).
The global firm is spread across 70 countries, including 200 corporate offices and a portfolio of around 1.8 billion sq ft held globally. LaSalle Investment Management is the company’s investment management arm.
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