Liquidity Events
ASK Property Fund exits from 3 QVC projects with Rs.354-Cr
ASK Property Fund has exited from three projects of QVC Realty Developers - two in Gurugram and one in Bengaluru - realising INR 354 crore . The r eturn represents 1.8 times the INR 200 crore invested - via structured debt - for the basket of three projects in 2019.Of the two Gurugram projects, both along the Dwarka expressway, one is a joint development between QVC and Sobha Ltd. The second project, located about 10 km away is a 100-acre plotted development in which QVC has a 50% stake.The project in Bengaluru is near the international airport and is named “QVC Nandi Hills”.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
