News & Views on Indian Real Estate

Friday, July 18, 2008

Tishman to Acquire ICICI Venture's Fifty Percent Interest in TSI Ventures

A global real estate investment manager and developer, Tishman Speyer is planning to acquire ICICI Venture's 50 percent interest in TSI Venture India, a real estate JV company formed by the two in 2005. However, the Bangalore-based companies will remain equity partners in each of the joint venture's three current projects. Also, both companies are open to invest together in Indian real estate in the future.