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"India is on the path of becoming a well-structured economy and becoming one of the top three global economies. Real estate sector will be a key contributor to this growth and recognising the potential, the government and regulators are also trying to support it with apt reforms and policies," said Chakravarti, former head of indirect investments, Asia-Pacific, Ivanhoe Cambridge, the real estate arm of CDPQ. He said formalisation of the realty sector will lead to a growth pattern similar to the one seen in the financial services over the last three decades.
Cromwell Property Group has entered into a binding agreement to create a joint venture with Hong Kong-based asset manager Value Partners Group, exchanging on the sale of a 50%.
CBRE Investment Management ("CBRE IM") has appointed Kilian Toms as Managing Director of its Real Estate Partners strategy. Based in London, he will be responsible for all aspects of the strategy, which focuses on enhanced return.
This recently approved $8M grant, coupled with an initial $ 2.8M pilot grant to launch the SEO Real Estate Track in 2018, brings the total investment to $10.8M to help develop a diverse career pipeline into commercial real estate.