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Insights from Kunal Moktan, CEO of PropShare Capital, on CNBC-TV18
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Insights from Kunal Moktan, CEO of PropShare Capital, on CNBC-TV18
PropShare Real Estate Fund II: PREF II is targeting to raise Rs. 500 crores with a further Rs. 200 crore green shoe option. It will focus on completed Class A income-generating commercial real estate leased to multinational and blue-chip tenants in the tech hubs of India.
The fund is targeted at institutional investors, HNIs, family offices, and select sophisticated domestic and NRI investors.
According to the company, PREF I has been fully deployed across four office assets in Bangalore and Mumbai which are 100% leased to Grade A tenants like LG, Tata Finance and 24/7 AI.
Real estate-focussed fund manager PropShare Capital has floated a second fund under its existing alternative investment fund (AIF) strategy to invest in rent-generating commercial real ......