Tuesday, April 10, 2007

Trent partners PE real estate firm Xander for retail expansion

Trent, a Tata group company, has tied up with global private equity investor Xander for developing real estate properties for its various retail ventures. As per the agreement, Xander will invest in the development of an institutional retail real estate portfolio in the country. Trent will have anchor tenancy rights and manage the portfolio with Xander. Currently, Xander invests in the Indian real estate market through Xander Master Fund, a real estate fund.

Xander Real Estate Partners, part of the Xander Group, recently bought a 20% stake in a joint venture between Reliance Industries and the Maker Group, to develop commercial, residential and retail real estate in Bandra-Kurla Complex in Mumbai. The 20% stake was reportedly valued at over $100 mn.

Read more in The Economic Times article.

1 comment:

Anonymous said...

Orange Country business investment banks use league tables to rank who has the highest dollar volume of deals in debt, equity, syndicated loans and M&A activity. Unfortunately (or fortunately if you are sick of hearing about league tables) there really hasn't been a ranking system to evaluate the private equity industry