New house and lots of money. Photo Credit: Thinkstock

Aevitas Property Partners invests $30 mn in DASNAC Holdings’ project

06 March, 2017

Aevitas Property Partners, a Netherlands-based real estate fund, has agreed to make an investment of Rs 201 crore ($30 million) across mid-income and affordable housing projects of New Delhi-based real estate developer DASNAC Holdings, the company said in a statement. 

The proceeds will be used to promote affordable and mid-income housing projects through acquisitions and also to fund construction of the company’s ongoing projects. The transaction is expected to close during this financial year and will involve subscription of Bombay Stock Exchange (BSE)-listed debt securities of E-Homes Infrastructure, a special purpose vehicle of DASNAC Holdings, the firm said.

DASNAC counts The Jewel of Noida as a key property in its portfolio and claims to have delivered 15 Million sq ft of property across Delhi-NCR.

Aevitas Property is headed by Glenn Aaronson, a veteran global real estate investor. It currently has a total allocation of $1.2 billion from US pension funds for its global real estate strategies, spread across three continents and executed through six specialised investment platforms. Aevitas has made real estate investments in the UK, Western, Central and Eastern Europe, Morocco and India.

Aevitas entered India through its dedicated investment platform – Kautilya Finance which is headed by Shiv Wallia, a private equity and debt market specialist who previously worked with JP Morgan and Merrill Lynch.

Kautilya Finance has been actively scouting for transactions in the market over the last couple of years. Debt has been the flavour of the season in real estate market as developers go for multiple rounds of refinancing to stay afloat in the market. As reported by VCCircle, it has backed North-based developers such as Shree Vardhman Group and Saha Group for their residential projects. It was also in talks with Noida-based KW Group for a deal worth Rs 70-90 crore. 

Like this report? Sign up for our daily newsletter to get our top reports.


Leave Your Comment
Exclusive: Kautilya Finance invests in Shree Vardhman Developers

Exclusive: Kautilya Finance invests in Shree Vardhman Developers

TEAM VCC 1 year ago
Kautilya Finance BV, an Amsterdam-based fund managed by real estate investment firm Aevitas Property Partners, has backed an ongoing residential project of Shree Vardhman Developers,...
Equis Funds Group invests $116M in Bangalore-based developer Assetz

Equis Funds Group invests $116M in Bangalore-based developer Assetz

Swet Sarika 3 years ago
Asia-focused investment firm Equis Funds Group has invested Rs 720 crore ($116 million) in Bangalore-based real estate developer Assetz Property to back infrastructure developments of...
Kolte-Patil partners ASK Real Estate to acquire land parcel in Pune for $27M

Kolte-Patil partners ASK Real Estate to acquire land parcel in Pune for $27M

Bhawna Gupta 3 years ago
Pune-based real estate developer Kolte-Patil Developers Ltd along with ASK Real Estate Special Opportunities Fund, a fund managed by ASK Property Investment Advisors Pvt Ltd,...
No Comments

Aevitas Property Partners invests $30 mn in DASNAC Holdings’ project

Powered by WordPress.com VIP