Private Equity Fund Investments

Global PE firm PAG lends $100-M to Kalpataru's 2 Mumbai realty projects

Economic Times  

Global alternative investment firm PAG is to extend USD 100 million (INR 743 crore) in debt to two projects of realty developer Kalpataru. Cushman & Wakefield was the advisor to the transaction. One of these projects is a mixed-use development with residential and commercial components in Thane, while the other project is residential development in the Mulund suburb of Mumbai. The developments together - including the first phase of the Thane project - have a total 1.8 million sq ft saleable area.

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