Kotak Raises USD400 Million for Indian Commercial Office Assets

Source(s): Kotak Investment Advisors

Kotak Investment Advisors, the alternative investment arm of Kotak Mahindra Bank, has reached a final close for India Office Assets Fund I with USD400 million in capital commitments. The fund was established in partnership with DivyaSree Developers, an India-based urban real estate and infrastructure development company, and received an anchor commitment from the Abu Dhabi Investment Authority. The fund will develop greenfield projects, as well as acquire both completed and under-construction assets, in commercial office markets across India.