 "cash, fund, money, Rupee, growth, transaction, investment, sell, buy, market, acquisition, stake, share, stock, incentive")
South Korea’s Mirae Asset Global Investments has acquired an industrial asset in Mumbai’s Bhiwandi for Rs 130 crore from Prakhhyat Group.
The pre-leased grade A warehousing property in K-Square Integrated Industrial Park is spread over 9 acres. It is Mirae Asset Investment Group’s first acquisition under its India-focused funds allocation for high-grade real estate.
It is a rare instance where a foreign institutional fund has secured a foothold in the warehousing and industrial market of Bhiwandi.
"Mirae Assets Group is ramping up its global real estate portfolio and has earmarked $500 million to invest in leased Indian commercial assets,” said
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