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Peninsula, Brookfield launch Rs 1,000 crore fund

Fund, with targetted corpus of Rs 750 crore, will invest in residential properties

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<a href="http://www.shutterstock.com/pic-132049991/stock-photo-key-with-house.html" target="blank">Realestate image</a> via Shutterstock

Raghavendra Kamath Mumbai
Mumbai-based realty developer Peninsula Land and Canada-based Brookfield Financial have launched a Rs 1,000 crore real estate fund recently.

The fund has a targetted corpus of Rs 750 crore and a green shoe option of Rs 250 crore. The fund will invest in residential properties. Peninsula, part of Ashok Piramal group and Brookfield entered into a 50:50 joint venture in 2011 to invest in residential and commercial assets

 

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First Published: Jul 25 2013 | 7:39 PM IST

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