ASK boosts Godrej redevelopment project with $20m
ASK Property Investment Advisors has injected INR1 billion ($19.8 million) into Godrej Properties’ (GPL) first redevelopment project. This comes five months after it was announced that Godrej was looking to exit up to 49% of a commercial realty project in Mumbai to a private equity investor.
The cash boost from ASK, the real estate-focused private equity arm of financial services firm ASK Group, gives the investor a 49% stake in the special purpose vehicle Godrej Landmark Redevelopers. Godrej...
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