Inox Leisure investing Rs.100 crore in Ajay Piramal’s Indiareit – for a strategic stake as well as “preferred client status” with a ROFR in its future portfolio of RE assets.
The report quotes Industry analysts view that the alliance will help Inox widen access to upcoming real estate projects across primary tire I and tire II cities, thus getting the right customer exposure to multiplexes and branded outlets. Indiareit could ensure preferential access to Inox for these properties. The new alliance would also bring financial support, expertise, presence of leading brands and strong pre lease to developer.
With a handful of REIT/PE funds with mighty financial muscle and just so few parcels of land available, are we not running into an oligopolistic mess? Has Ajay Piramal been inspired by Sam Zell…?
.
No comments:
Post a Comment