Deutsche Bank real estate investment arm RREEF has kicked off investments in India. The firm has invested $70 million for an undisclosed stake in Bangalore-based real estate firm Golden Gate Properties Ltd. The company is engaged primarily in residential projects, and is building 20,000 homes with a total built-up area of 23 million sq.ft, in cities like Bangalore and Hyderabad. It also plans to build mixed use developments and special economic zones, says a Reuters report.
Former ICICI Venture real estate investment head Kishore Gotety is the country head of RREEF in India. The property fund management company is jointly owned by Deutsche Bank and DB RREEF Trust, and globally manages over $73 billion worth of assets.
Former ICICI Venture real estate investment head Kishore Gotety is the country head of RREEF in India. The property fund management company is jointly owned by Deutsche Bank and DB RREEF Trust, and globally manages over $73 billion worth of assets.
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