Kotak Investment Advisors announces $590 mn Platform with ADIA

Mohamed AlQubaisi, Executive Director of the Real Estate Department at ADIA said, "This new platform will focus on opportunities associated with long term demand for Indian office space, which is being driven by global organisations seeking to capitalise on the country's skilled workforce. It also presents the opportunity to extend our relationship with Kotak, with whom we have successfully invested over a number of years."

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Kotak Investment Advisors Limited (KIAL) today announced that it has successfully achieved the closure of its 12th Real Estate (RE) Fund, for investments in Office Assets in India.

KIAL has formed a USD 590 million platform with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for this Fund, which will be domiciled in Gujarat’s GIFT City. With this new Fund, KIAL has raised, managed or advised more than USD 2.8 billion under its real estate fund series.

Vikas Chimakurthy, CEO, Kotak (to know more) Realty Fund said, “This is our 12th real estate Fund and extends our successful relationship with ADIA. With the closure of this Fund, we have raised around USD 1 billion in real estate in the last one year. Strong demand for offshoring, return to office increasing, growth of the services industry and Indian economy has seen substantial scope for creating a portfolio of quality office assets. With multiple avenues for exit of such portfolios and increasing liquidity of completed assets, we intend to curate this portfolio to cater to increasing appetite for stabilised assets.”

Abu Dhabi Investment Authority – ADIA

Mohamed AlQubaisi, Executive Director of the Real Estate Department at ADIA said, “This new platform will focus on opportunities associated with long term demand for Indian office space, which is being driven by global organisations seeking to capitalise on the country’s skilled workforce. It also presents the opportunity to extend our relationship with Kotak, with whom we have successfully invested over a number of years.”

Shares of Kotak Investment Advisors Ltd was last traded in BSE at ₹1679.05 as compared to the previous close of ₹1674.45. The total number of shares traded during the day was 84326 in over 4580 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 1708.00
  • Intraday low of ₹ 1673.50