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Credberg plans to invest over Rs 1,000 crore in India
2022-05-13
Credberg Advisory, a real estate focused investment bank supported by former partners of Brookfield Financial's Indian business, plans to invest over Rs 1,000 crore in income-producing office assets across India's top six property markets.
Creberg is branching out into investment management and is raising money for its first fund, Credberg Real Estate Office Opportunities Fund 1. (CREOOF-1). Credberg Investment Management, the company's new platform for entering the fund market, has already been founded.
The anticipated investment of over Rs 1,000 crore will be backed by a $75 million fund (over Rs 570 crore) and project-level leverage through Lease Rental Discounting (LRD).
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