Liquidity Events
ASK Property Fund exits two realty investments for Rs.400-Cr
ASK Property Fund has exited two residential real estate debt investments in Mumbai and Gurgaon, realising a combined INR 400 crore.The exits involved an investment of INR 190 crore as growth capital in Kalpataru Group’s redevelopment project, Kalpataru Advay , in Borivali, Mumbai. This exit generated INR 244 crore, achieving an internal rate of return (IRR) of 18% and a return multiple of 1.3x.The second exit was from Trevoc Royal Residences in Gurugram, developed by Trevoc Developers, in which the fund had invested INR 98 crore. This investment resulted in an exit of INR 141 crore, yielding an IRR of 21% and a multiple of 1.44x.
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