Walton St Cap, Starwood Cap to join hands with Shriram Properties

September 25, 2007	(Be the first to rate this story!)  Loading ...
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Shriram properties, a prominent name in South India property market, is partnering with funds sponsored by Walton Street Capital and Starwood Capital Group to develop a Rs. 5,000 crore integrated township in Kolkata.

The company seems highly excited about the venture with Walton Street Capital and Starwood Capital, both of which enjoy substantial presence in constructing destination properties. These management firms will definitely give a major facelift to Kolkata real estate.

Their first project in a joint collaboration will include 20 million square feet of residential, commercial, retail, and civic infrastructure. The project will come up on the land that previously belonged to the Hindustan Motors plant in Uttarpara.

Starwood Capital and Walton Street Capital will remain closely involved in working with Shriram Properties for execution of their first project. The design for the project has been created by the largest US based architectural firm, HOK.

The company is taking care of every aspect to make the Kolkata project successful. Walton Street has been developing a relationship with Shriram Properties for past few months, says Sourav Goswami, Managing Director of Walton Street Capital India Private Ltd.

Based on the partnership between firms of international repute, the project includes highly complex real estate transaction. Starwood Capital is committed to play a significant role in creating an integrated Township featuring the world-class facilities.

News Published Under:   Real Estate Developers |

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