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« Job Opportunities open up in Real Estate Sector | Home | Cityland Technologies to Foray into Real Estate Consultancy »

Millennium Spire to Invest in India Real Estate

Millennium Spire, the real estate investment arm of London-based Millennium Asset Management, aims to launch a $350 million-$400 million fund, by the fourth quarter of 2009, a senior executive said on Wednesday.

The new fund will invest in the Indian real estate sector, like Millennium’s first $60 million fund in the region, which was launched in 2007, Abhijeet Bhalla, managing director with Millennium Spire Asset Management told Reuters.

The asset manager was looking to expand its footprint to other emerging markets by investing the real estate sectors in Brazil, China and parts of Africa, Bhalla said.

News Published Under:   Real Estate Developers | No Comments »

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