Comments on: Provogue Sells 27 Percent Stake In Realty Unit To Fund http://indiarealestatelink.com/property-news/provogue-sells-27-percent-stake-in-realty-unit-to-fund/ Your Link To India Properties Wed, 07 Jan 2009 16:50:07 +0000 http://wordpress.org/?v=2.6 By: Vikas Bamotra http://indiarealestatelink.com/property-news/provogue-sells-27-percent-stake-in-realty-unit-to-fund/#comment-47 Vikas Bamotra Wed, 09 Apr 2008 09:21:11 +0000 http://indiarealestatelink.com/property-news/provogue-sells-27-percent-stake-in-realty-unit-to-fund/#comment-47 Triangle Real Estate India Fund, co-promoted by ICS Group and Old Mutual Investment Group Property Investments (OMIGPI), has inked an agreement to invest Rs 457 crore for a 27% stake in a Prozone Enterprises subsidiary. The firm has stake in four projects being developed in Aurangabad, Indore, Nagpur and Jaipur, covering approximately 16 million sq ft. Prozone Enterprises is a JV between retail major, Provogue (India) and Liberty International Plc which is a UK FTSE 100 listed property company with assets of over GBP 10.8 billion. Regional shopping centres account for over 85% of its portfolio. It owns 9 of the top 21 regional mixed use centres in the UK and is amongst the 20 largest REITs in the world. Prozone-Liberty is a specialist retail infrastructure company investing in design, development and management of large scale retail centric mixed use developments with a long term ownership plan. Triangle Real Estate India Fund, co-promoted by ICS Group and Old Mutual Investment Group Property Investments (OMIGPI), has inked an agreement to invest Rs 457 crore for a 27% stake in a Prozone Enterprises subsidiary. The firm has stake in four projects being developed in Aurangabad, Indore, Nagpur and Jaipur, covering approximately 16 million sq ft.

Prozone Enterprises is a JV between retail major, Provogue (India) and Liberty International Plc which is a UK FTSE 100 listed property company with assets of over GBP 10.8 billion. Regional shopping centres account for over 85% of its portfolio. It owns 9 of the top 21 regional mixed use centres in the UK and is amongst the 20 largest REITs in the world. Prozone-Liberty is a specialist retail infrastructure company investing in design, development and management of large scale retail centric mixed use developments with a long term ownership plan.

]]> By: kumar http://indiarealestatelink.com/property-news/provogue-sells-27-percent-stake-in-realty-unit-to-fund/#comment-41 kumar Fri, 04 Apr 2008 10:50:37 +0000 http://indiarealestatelink.com/property-news/provogue-sells-27-percent-stake-in-realty-unit-to-fund/#comment-41 Triangle Real Estate India Fund, co-promoted by ICS Group and Old Mutual Investment Group Property Investments (OMIGPI), has signed a deal to invest Rs 457 crore ($114 million) for a 27 percent stake in a step-down subsidiary of Prozone Enterprises. This subsidiary owns stake in four of its projects being developed in Aurangabad, Indore, Nagpur and Jaipur, covering approximately 16 million square feet under development. Triangle Real Estate India Fund, co-promoted by ICS Group and Old Mutual Investment Group Property Investments (OMIGPI), has signed a deal to invest Rs 457 crore ($114 million) for a 27 percent stake in a step-down subsidiary of Prozone Enterprises. This subsidiary owns stake in four of its projects being developed in Aurangabad, Indore, Nagpur and Jaipur, covering approximately 16 million square feet under development.

]]>