JLL India Arm planning to raise Rs 300 for residential projects.

Santosh TR,

23rd January 2015

Real estate News in Mumbai

property market

residential project

assetz property group

jll india

jll india arm

jll segregated funds group

internal rate of return

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Last month, JLL Segregated Funds Group had partly way out from its 1st investment made through this first fund clocking a 30% Internal Rate of Return (IRR) in less than a year's time. The fund had invested Rs 24 crore in a premium residential project of Bengaluru-based Assetz Property Group in February 2014.

Lalit Verma, Mumbai

25th January 2015

Comment

After making two investments from the first fund, JLL's investment arm is now close to concluding its 3rd investment in a residential project in Chennai. The new fund will also target on small size deals of Rs 25-30 crore and target annual returns of around 25%, which is in line with the 1st fund's strategy.

Amreesh Murugan,

23rd January 2015

Comment

You are right Amreesh,
In late 2013, JLL Segregated Funds Group had induced Rs 161 crore through final closing of its ist real estate fund, Residential Opportunities Fund - I. The fund was amongst the first real estate funds to be registered with Sebi under the new Alternate Investment Funds (AIF) regulations.

Pranab Malakar,

23rd January 2015

Comment

Well Pranab,
The company's strategy of investing in smaller projects with shorter time period in leading micro markets that has worked well for the 1st fund. Clocking a return of 30%, they have partly way out from the 1st investment that was made through an earlier fund concluded in late 2013.

Amreesh Murugan,

23rd January 2015

Comment

Yes Amreesh,
And the total time period of the offered fund, which would be under Alternative Investment Fund category-2, will be for 5 yrs., and it will invest in smaller residential projects through equity and high-yield mezzanine deal structures.

Pranab Malakar,

23rd January 2015

Comment

Hi,
Property consultancy firm JLL India's investment arm JLL Segregated Funds Group is planning to raise its second real estate fund with a total target size of Rs 300 crore. Tis fund will be raised in the domestic market, will focus on investing in residential projects in top 7 property markets including Mumbai, Delhi-NCR and Bengaluru.

Amreesh Murugan,

23rd January 2015

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