New York, June 6 (ANI/Business Wire India): Trikona Capital Ltd ., the leading fund management firm for institutional investment in Indian real estate and infrastructure, announced it has extended its relationship with SachsenFonds Holdings GmbH, a German fund manager with 7.5 billion dollars under management, in a 150 million dollars deal that includes minority stakes of current Trikona assets and investments in new projects.
Trikona's divestments earned a return on capital of 115 per cent.
Trikona laid the foundation for this partnership last December when it sold assets in the portfolio of Trikona's London Stock Exchange-listed fund Trikona Trinity Capital PLC to SachsenFonds for nearly 65 million dollars, a return of 108 per cent for Trikona.
"Trikona has a robust business model that allows us to successfully navigate the waters and identify strong investments in India, proven by our ability to generate returns of more than 100 per cent," said Aashish Kalra, Co-Founder and Managing Director, Trikona Capital.
"This agreement with SachsenFonds is yet another proof point to our ability to develop and grow strategic partnerships. Our knowledgeable and experienced team in India gives us the ability to execute these large-scale development investments," Aashish added.
As part of the 150 million dollars deal, Sachsen will join Trikona as co-investors in a 40 million dollars investment in Mumbai to refurbish four acres of middle-class housing and build high-end luxury homes as part of Trikona's urban rejuvenation platform.
Sachsen will contribute 55 per cent of the investment cost.