Mumbai, July 26, 2022: Axis Asset Management Company Limited, has entered into a strategic partnership with Tishman Speyer. The platform intends to invest in early stage or greenfield commercial real estate projects across 8 key markets, aiming to create best in class office buildings to be leased to marquee clients. The platform will develop buildings with emphasis on “3 S”: ‘Sustainability’, ‘Safety’ and ‘Serviceability’. Tishman Speyer will act as the exclusive Development Manager for the platform.
Axis AMC is confident of the long term potential of the commercial real estate.
On the launch of the partnership, Amitabh Chaudhry, MD & CEO, Axis Bank Limited said, “It gives me great pleasure to see Axis AMC tying up with Tishman Speyer to tap into the greenfield Commercial real estate opportunity, and I strongly believe that together we can create a compelling offering in this asset class. This platform once again showcases Axis AMC as an asset manager that has been at the forefront of product innovation, offering quality long-term solutions to our investors”.
Rob Speyer, Chief Executive Officer, Tishman Speyer said “We are excited to partner with Axis AMC to produce the next generation of high-quality office environments for local and global companies operating in India. We look forward to exploring potential opportunities in such key markets as Mumbai, Pune, Bangalore, Hyderabad and NCR.”
On the initiative, Chandresh Nigam, MD & CEO, Axis AMC said, “Axis AMC is creating a market leading alternatives platform that provides unique non-correlated investment avenues. Although market has products focusing on rent generating commercial assets, the Axis platform will provide unique opportunity in the development stage in commercial assets. We are also extremely excited to partner with Tishman Speyer – their expertise will be invaluable in making this offering a success. We have extremely capable real estate team under the leadership of Mr. Balaji Rao (Managing Partner, Real Estate) which I am confident of achieving the objectives of the platform.”
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