Kotak Investment Advisors Limited (KIAL) told media that it has successfully closed its 12th Real Estate (RE) Fund for office asset investment across India.
KIAL has formed a $590 million platform, a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), to establish this fund in Gujarat International Finance Tech (GIFT) City.
KIAL has raised, managed or advised more than $2.8 billion under its RE financing series.
Kotak RE Fund CEO Vikas Chimakurthy said it is the 12th real estate fund and extends a relationship with ADIA. The company has raised approximately $1 billion in real estate in the past year.
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