Guest Column
ASK Property Fund 2022 exits at Rs 830 cr
Mumbai, December 06, 2022: ASK Property Fund (“ASK”), the real estate private equity arm of the ASK Group, announced cumulative exits of Rs. 830 crore in 2022 from various funds.
The most recent being the exit from Gulshan Homz’s project, Gulshan Dynasty, in Noida. A press release issued by the company says that, the Gulshan Dynasty exit amount was ₹220 cr. and has achieved multiple of 1.63x and IRR of 21%. The exit was self-liquidating with periodic distributions from sales and collection of the project.
With the latest exit, ASK’s exit sums up to ₹830 cr. in 2022 and cumulative total of ₹1,300 cr. since April 2021 across all real estate investments. The average return across 18 completed exits is 22.33% and other exits include Jewel Square and Kumar Prospera in Pune, TVS Green Enclave in Chennai, and Gulshan One 129 in Noida.
Amit Bhagat, CEO & MD, ASK Property Fund said, “Gulshan Dynasty was the second exit from Gulshan Homz, following the successful exit of Gulshan One 129. Noida is one of our chosen markets and ASK Property Fund is looking forward to deploying additional growth capital in such thriving markets. We are pleased with the performance of our investments and these latest exits demonstrate the effectiveness of our approach. We have successfully executed a value-add strategy on well-positioned catchment in order to achieve the target return. We thank our investors and developer partners who have put their confidence in our team as we have concluded another successful exit.”
-
Interviews1 week ago
High Rental Yield, Price Appreciation, Stable Growth, Make Sydney an Ideal Realty Investment Option: Haansal Estate
-
News3 days ago
Tenant Experience Platform, Aeria, Raises $1.8 m Pre-Seed Round Led by Kalaari and Foundamental Along With Others
-
News4 weeks ago
Transindia Real Estate To Sell Jhajjar Logistics Park, ₹ 636.71 cr+ Ent. Value
-
News1 day ago
Sacred Cities See a Retail Boom as Spiritual Tourism Surge: CBRE Report
-
News3 days ago
AIPL’s Business Club Secures Rs 100/sq ft Rental on Golf Course Extn Road, Gurugram
-
News1 day ago
GOCL Corporation monetises 264.50 acres of land asset in Kukatpally for Rs 3402 cr
-
News2 days ago
Kanodia Group Enters Real Estate; Targets Over Rs 5000 Cr Investment By 2028
-
News3 days ago
Managed Workspace Provider Table Space Appoints Jamshed Taraporwala to head BD