AIG, R

Kolkata, May 2 (UNI) Leading asset management company AIG Global Investment Group, which tied up with Bangalore based R&Z, a real estate company, has floated a Special Purpose Vehicle(SPV) to venture into real estate sector.

A joint venture of AIG and R&Z would be setting up a Green Building, a commercial project, in Rajarhat near Kolkata for the IT and ITeS industry in Bengal.

''This project will be one of the first environment-friendly green Building in the country which will be built in a total area of 2.6 million square feet,'' American International Group Inc (AIG) country head and chief executive Sunil Mehta told reporters today.

However, he refused to divulge the investment or the commercial launch of the project.

The company has acquired a 13 acre plot in Chennai to set up a real estate project.

'"We will foray into commercial, hospitality, mixed use and residential projects,'' he said.

UNI