An Indian real estate fund allowing foreign investors to tap into India’s burgeoning township developments has acquired a 50 percent stake in a major project outside Mumbai.
The world's largest buyout firm, as ranked by Private Equity International's PEI 50, has up to €9bn available with leverage for its third European real estate fund, making it Europe’s largest private equity real estate fund.
The private equity group will take a stake in the German property lender following its admission in January that it was more exposed to the global credit crisis than previously thought.