ANNOUNCING ITS 10th and 11th investment in Indian real estate sector, European fund Yatra Capital has invested 28 million euros in two new joint venture projects in Banglore.
The venture fund has million euros in palladium Constructions Pvt. Ltd, for a 30 per cent stake in a mixed- use development and 10.15 million euros in Platinum Hospitality Services Pvt. Ltd for a 30 per cent stake in a hospitality project. Yatra’s joint venture partner in both developments is The Phoenix Mills Ltd.
With these investments, Yatra has so far committed 146.34 million euros of the 220 million euros of the capital raised.
Courtesy HT---31March 2008
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