In Indian Real Estate Prudential Forms JV Will Invest

Prudential Real Estate Investors on 17th june pronounced that it has launched a joint venture with Beekman Helix India Partners LLC (BHI) to invest in real estate in India. Through its fresh private equity real estate podium, the venture strategy to embark on a plan to make real estate funds for institutional clients.
Prudential Real Estate Investors is the real estate investment management and advisory business of Prudential Financial Inc.
The JV, in service as Pramerica BHI India and originated in Gurgaon close to New Delhi, will invest in middle-income residential development projects and office parks for institutional investors around the world. The plan may also contain other sectors.
Functioning with BHI through a relationship formed in 2006, Prudential Real Estate Investors was amongst the first US-originated real estate investment companies to invest in real estate openings in India.
Until now, BHI and Prudential Real Estate Investors have made eleven equity investments, adding about two hundred twenty million dollar in seven markets in India, including Bangalore, Chennai, Mumbai, the National Capital Region (NCR) and Punjab

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  1. Posted June 27, 2008 at 1:14 am | Permalink

    PREI is the real estate investment management and advisory business of Prudential Financial, Inc, a leading a global financial services firm with approximately $631 billion of assets under management as of March 31, 2008. Beekman Helix India Partners is a US based private real estate merchant bank, with subsidiaries and affiliates in India and Cyprus.

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