Friday, June 20, 2008
Prudential Real Estate Investors announced that it has launched a joint venture with Beekman Helix India Partners LLC (BHI) to invest in real estate in India. Through its new private equity real estate platform, the venture plans to embark on a strategy to create real estate funds for institutional clients. Prudential Real Estate Investors is the real estate investment management and advisory business of Prudential Financial Inc. The joint venture, operating as Pramerica BHI India and headquartered in Gurgaon near New Delhi, will invest in middle-income residential development projects and office parks on behalf of institutional investors around the world. The strategy may also include other sectors.