According to people familiar with the fixed-price offering, the order book was well oversubscribed at the end of the one-week roadshow with a good mix of primarily Asian and European investors. This was despite the fact that the investment company is focusing on yet to be developed real estate, in particularly IT parks and special economic zone projects, and wonÆt be generating any return for another three years at least.
ôInvestors were attracted to the theme of Indian development and the scarcity of retail property and offices in prime...
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