Private Equity PE-RE Fund Investments
L&T Realty, CapitaLand to form office development JV
Source Economic Times (opens in a new tab)Press Release (opens in a new tab)
Publicly listed Larsen & Toubro's real estate development arm L&T Realty has entered into an agreement with Singapore-listed CapitaLand, to set up a commercial platform to develop nearly 6 million sq ft office spaces across Mumbai, Bangalore, and Chennai.
CapitaLand will acquire the ownership of these properties in a phased manner. CBRE and KPMG are the advisors to the deal.