Venture Intelligence (TSJ Media Pvt. Ltd.)
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Axis-Tishman Speyer's commercial realty platform raises Rs.400-Cr in first close
Axis Commercial Real Estate Fund, a strategic partnership between Axis Asset Management Co and global real estate developer, owner and operator Tishman Speyer, has raised INR 400 crore through the first close of the fund. The initial close includes INR 150 crore commitment from Axis AMC and Tishman Speyer, apart from investments from family offices, HNIs (high networth individuals), and NRIs (non-resident Indians). The category II alternate investment fund (AIF) plans to invest in early-stage greenfield commercial real estate projects across these key markets, aiming to develop Grade A office buildings to be leased to established and large corporate occupiers. Through the fund, Axis Asset Management Co is raising INR 1,500 crore including a green-shoe option, while Tishman Speyer will act as the exclusive development manager for the platform.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.