PE-RE Fund Investments
Certus Capital invests Rs.130-Cr across 2 projects of Mittal Brothers in Pune
Certus Capital has invested INR 130 crore in two commercial real estate projects of realty developer Mittal Brothers in Pune. The investment, in the form of secured debentures, is expected to generate around 15% fixed returns with significant principal cover through underlying cash flows. Both projects hold a revenue potential of INR 800 crore.One of these projects on Fergusson College Road with 260,000 sq ft space is in an advanced stage of construction, with nearly 80% of it already sold or leased, and is receiving last-mile funding from Certus. The project’s retail levels are operational and occupied by brands such as Pantaloons, McDonald's, Max and Nonna's pizza chain.The other project is spread over an acre on Bund Garden Road with a development potential of 300,000 sq ft. This is an early-stage investment made to support land-related activities and approvals.
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