CPPIB partners with PEL in rupee debt financing of Indian residential real estate
CPPIB Credit Investments, the credit investment arm of Canada Pension Plan Investment Board (CPPIB) has formed a strategic alliance with Piramal Enterprises Ltd (PEL) for providing rupee debt financing to residential projects in India’s major urban centres. CPPIB and PEL have each committed US$250 million to the US$500 million funding platform, which will focus on making investments in local developers with a strong track record in delivering high-quality residential projects in Mumbai, Delhi NCR, Bangalore and other cities. Indiareit Fund Advisors, the real estate fund management arm of PEL, has been appointed as advisor.
13 February 2014•4 mins read
