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JLL India’s Segregated Funds Group (JLLSFG) has partly exited from its first investment made through its maiden fund - Residential Opportunities Fund – I (ROF – I), clocking a 30 per cent internal rate of return (IRR).
The fund had invested Rs 24 crore ($4 million) with Bangalore-based Assetz Property Group in a premium residential project spread over six acres, located near Marathahalli junction, East Bangalore, in February, this year.
Mridul Upreti, Chief Executive Officer, JLL Segregated Funds Group said “We are very happy to achieve this kind of momentum in our divestments for our investors. This is in line with our fund investment themes. This exit is demonstrative of the progress made in this project. It has seen steady sales and development.”
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