Real estate property consultancy firm Cushman and Wakefield has started debt financing services as part of its Capital Markets division. With this, its current portfolio of financial services now includes both private and public sector bank funding as well as investment sales.
Debt financing services will include debt syndication, private placement of debt capital products, acquisition financing, refinancing, special situations and high yield financing and trade credit advisory. The realty consultancy firm will provide this service to infrastructure, engineering procurement and construction (EPC) hospitality, healthcare, and education industry apart from real estate sector.
Sanjay Dutt, Executive Managing Director, South Asia, Cushman & Wakefield, commented “This widened capability in debt and equity advisory is in addition to our traditional capital markets and land industrial activities making us the preferred one stop shop for real estate capital markets services throughout India.”
The debt financing services will complement the capital markets division, which currently provides services such as structured equity and debt services, capital advisory including equity raising for pooled funds and development project funding.
As Cushmand and Wakefield tries to ramp up its debt services on the other hand its peer Jones Lang LaSalle India is close to raising its real estate fund of Rs 300 crore. The fund is at present looking at transactions only in Delhi-NCR and Bangalore region.
(Edited by Prem Udayabhanu)