Saffron to float Rs 300 crore domestic real estate fund
August 11, 2007
Saffron Asset Advisors, which manages investments of NYSE Euronext-listed real estate investment company Yatra Capital, is planning to raise a domestic realty fund of Rs 300 crore and a bouquet of offshore sector-specific funds in logistics, hospitality, health care, retirement homes and infrastructure.
The $150 million logistics fund will invest in warehouses, frozen houses, port capacity, airport cargo hubs and package houses across the country.
The fund manager is also planning a $100 million hospitality fund and $200 million-$ 250 million health care fund which will invest in the respective assets, said Ajoy Veer Kapoor, managing director, Saffron Asset Advisors. More reports