Milestone Capital exits Pune project for Rs 145 cr

Apr 12 2014, 04:14 IST
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SummaryPrivate equity firm Milestone Capital Advisors said on Friday it has exited its investment in a commercial property in Pune developed by Kumar Urban Development

Private equity firm Milestone Capital Advisors said on Friday it has exited its investment in a commercial property in Pune developed by Kumar Urban Development for a realisation of R145 crore. The firm had invested in the 2.5 lakh sqft commercial property, ĎThe Cerebrum B2í, situated in Kalyani Nagar in Pune, through its IL&FS Milestone Fund I, a rental yield fund investing in ready commercial assets.

The firm had acquired stake in the property that houses tenants like Vodafone, Standard Chartered and Reliance Communications in March 2008.

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