Cushman & Wakefield, the world?s largest privately-held commercial real estate services firm, has entred into debt financing services in India. The new unit will be under its capital markets division. With this, the current portfolio of financial services will be expanded to include both private and public sector bank funding as well as investment sales.
The Cushman & Wakefield debt financing services will include debt syndication, private placement of debt capital products, acquisition financing, refinancing, special situations & high yield financing and trade credit advisory. Cushman & Wakefield will service the real estate requirement across sectors, including infrastructure, engineering procurement & construction (EPC) hospitality, healthcare, and education, amongst others.
Sanjay Dutt, the executive managing director, South Asia, Cushman & Wakefield, said in a statement, ?This widened capability in debt and equity advisory is in addition to our traditional capital markets and land industrial activities making us the preferred one stop shop for real estate capital markets services throughout India.?
According to him, the Indian real estate sector has been growing steadily over the years, despite government regulations on funding options for development in the last few years. RBI directives also increased the risk weightage on Real Estate further discouraged financial institutions from making highly speculative investments.