"We are very pleased to have successfully completed the thirdstage of our portfolio sales to SachsenFonds," says Aashish Kalra,co-founder and managing director of Trikona, in a statement. "Ourmost significant deal with Sachsen to date, this agreement furtherillustrates the strength of our relationship, as well as our robustbusiness model."

The German-based fund previously partnered with the firm for twoother transactions, starting in December of 2007. Sachsen purchasedassets from the Trikona Trinity Capital PLC portfolio for $65million, as well as partnering again for a $150-million-deal inJune of 2008. The June 2008 deal will partially fund aco-investment with Trikona of $40 million to Mumbai, India torefurbish four acres of middle-class housing and build high-endluxury homes as part of Trikona's urban rejuvenation platform.Sachsen is contributing 55% of the investment cost.

"One of our biggest projects is urban rejuvenation in Mumbai,"Aashish Kalra, managing director of Trikona tells Globest.com. "Ifyou went to America and you didn't invest in New York or you wentto the United Kingdom and you didn't invest in London, that's likecoming to India and not investing in Mumbai. Because [Mumbai] is anisland city, you have to rejuvenate the existing infrastructure."The middle-income cooperative housing that was built in the 1970swas capped off at two buildings, Kalra explains, whereas today, sixbuildings are allowed. "So, instead of [people] living in two, yousay, 'you can live in four and the extra two is what we'll sell tothe market'," he says. "And that's what that transaction was allabout."