Shriram Properties
ASK Property Investment Advisors (ASK PIA), the real estate private equity arm of the ASK Group, have made the fourth investment from its second real estate fund. It invested Rs 100 crore (around $18.2 million) in Shriram Properties’ residential project in Bangalore. ASK PIA invested in Walton Street Capital and Starwood Capital-backed Shriram Properties’ upcoming [...] Continue Reading »
Ascendas, a Singapore-listed technology park developer, is likely to buy an IT special economic zone (SEZ) of Shriram Properties in Chennai, for about Rs 500 crore. Shriram’s IT SEZ is part of a larger mixed use development on a 58 acre land (1.3 million sq. ft.), which it had bought from Standard Motors Factory in [...] Continue Reading »
Shriram Properties, a Bangalore-based realty player, is in talks with private equity (PE) firms to expand its land bank. The firm has planned to raise funds of Rs 700-800 crore through private equity. It is in talks with several PE firms including JP Morgan, Morgan Stanley and few other mid-sized PE firms. Shriram Properties has [...] Continue Reading »
