Tata group pegs retail real estate fund at $1 billion

Posted: Monday, Apr 30, 2007 at 0000 hrs IST
Updated: Monday, Apr 30, 2007 at 0000 hrs IST

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Mumbai, Apr 29: The Tata group, which joined hands with private equity firm the Xander group Inc through its group company Trent earlier this month, has firmed up plans to raise $1 billion for an institutional retail real estate fund.

Xander group, through one or more of its fund vehicles, will invest in the development of an institutional retail real estate portfolio in India in partnership with high quality Indian developers.

Trent will have anchor tenancy rights and will participate with Xander in the management of such portfolio and its growth.

The Tata group’s move is in line with other big retail players like the Future group, which controls retail company Pantaloon Retail. The Future group has floated two real estate funds specifically for the retail sector. The Aditya Birla group is also considering floating a real estate fuel its retail growth.

Xander Real Estate Partners, part of the Xander group, has also recently bought a 20% stake in a joint venture between Reliance Industries and the Maker Group, to develop commercial, residential and retail real estate.

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» real estate

Posted by abhishek sharma on 2008-08-07 13:31:19.54521+05:30
hi pls send me the detail of ur delhi ncr projects

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» job application

Posted by gautam kumar dubey on 2007-09-08 13:46:57.115737+05:30
d/sir my self gautam kumar dubey i live in jamshedpur. i want to join a tata retali market so ill send u this massage i dont know when this project was start . but i really want to join the retail market so i request u plz reaplly me as soon as possible .

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