Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the debt and equity markets, click here.)

MUMBAI-Apollo Real Estate Advisors and Tishman Speyer plan to pour a total of $2.5 billion in Indian real estate over the next five years. John Jacobsson, managing partner of Apollo, told the Reuters Real Estate Summit that his firm was looking to raise $500 million from investors and an additional $1 billion through loans to invest in the sub-continent.

“There’s a flood of capital going into places like India and China,” he stated. “We decided to focus our attention on India. ” Jacobsson added that India’s rapid economic development, established banking system and widespread use of English has made the Asian country an attractive investment location for the New York-based company.

The company will be targeting office and residential properties. “Office and residential is where our expertise fits well,” he continued. “Like China, it’s rapidly urbanizing. Maybe a couple of years down the line retail will be firing on all cylinders. There are so many cities that are growing rapidly that I can’t say we are ruling out one region or another.”

At the same conference, Robert Speyer, senior managing director of Tishman Speyer, said the company is moving aggressively to invest in India and has similar plans to be a player in China. “India is probably the most interesting place in the world right now,” he said. In January, the company announced a joint venture to invest more than $1 billion in India over the next three to five years. The investments in India will focus on both office and residential properties, he reported.

“So many of the companies we do business with in the United States and in Europe are opening businesses in India, and there is an incredible shortage of quality real estate there.”

The Tishman Speyer venture is looking at Bombay as well as its home base of Bangalore, but deals in half a dozen other major Indian cities are being scouted as well, Speyer said.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.