The partnership will invest in early-stage or greenfield commercial real estate projects across the Mumbai region, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Pune, Ahmedabad and Kolkata, Axis AMC said in a statement on Tuesday.

 

MUMBAI: Axis Mutual Fund will launch a Rs 1,500 crore alternative investment fund to part finance commercial realty projects under the partnership with US realtor Tishman Speyer. These projects will be developed across eight major metros.

 

The partnership will invest in early-stage or greenfield commercial real estate projects across the Mumbai region, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Pune, Ahmedabad and Kolkata, Axis AMC said in a statement on Tuesday.

 

Since its inception in 1976, the New York-based firm has acquired, developed and operated a portfolio of over 217 million sq ft with a total value of over USD 126 billion, spread over 512 assets globally.