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Amplus Realty Fund exits Assetz residential project, with over 35% exit returns

India Blooms News Service | | Apr 07, 2015, at 04:27 am

#Amplus Realty Fund exits Assetz residential project # with over 35% exit returns

Bengaluru, Apr 6 (IBNS): Real estate focused Amplus Realty Fund has exited its little over 2 year investment in Assetz LUMOS, a premium project of Singapore-headquartered diversified real estate company-Assetz Property Group.

Established in 2011, Amplus Capital Advisors Private Limited (Amplus), is a private equity advisory company with a strong lineage of professionals involved in the business conglomerate, The Lalbhai Group. Amplus focuses on city centric high-end or mid-market residential development projects across various cities in India.

During November 2012, Amplus invested in a residential project of Assetz Property Group (APG) in West Bengaluru. Assetz LUMOS, the premium 138 unit project, has generated robust sales since its launch and is expected to be completed in 2016. The fund will garner returns of more than 2 times its investment.

Commenting on the exit, Anuranjan Mohnot, CEO Amplus Capital Advisors Pvt Ltd said, "Bengaluru continues to be a key market for our investments. Since inception, the Fund has committed investment in 5 projects across Bengaluru. We are pleased that our association with Assetz Property Group has enabled us to achieve healthy returns in a relatively short time frame. Our decision to partner with Assetz was predicated on its stellar track record of creating wealth for its investors."

Established in 2006, Assetz is a professionally managed real estate organization in India operating across diverse verticals including premium residences, large integrated townships, core office and industrial warehousing. The Indian platform has over USD 1 billion of assets under development. The company has a project portfolio of 3 million sqft. under construction, 1.2 million sqft. to be completed in the next 12 months and 3.5 million sqft. Completed and delivered projects.

Assetz has to date completed 7 private equity exits/part-exits including the Amplus exit, making it one of the leading private equity real estate operating partners with a record of consistently delivering high quality exits.

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