Aditya Birla Capital Limited’s subsidiary, Aditya Birla Sun Life AMC Limited (ABSLAMC), on Monday announced its collaboration with BentallGreenOak to form a structured credit investment vehicle.
This investment vehicle will target structured debt investments in post-approval real estate projects primarily in Tier 1 metropolitan areas.
BentallGreenOak is a global real estate investment management advisor that is part of SLC Management’s alternative asset management business. ABSLAMC is also the investment manager of Aditya Birla Sun Life Mutual Fund (ABSLMF).
The companies, in a joint statement, explained that the collaboration brings together two established investment managers with significant individual research, underwriting and asset management capabilities, and extensive track records in domestic and international markets.
As part of this collaboration, ABSLAMC will rely on the advice of BentallGreenOak while recommending investment opportunities to the investment committee.
Commenting on the collaboration, A Balasubramanian, MD and CEO, Aditya Birla Sun Life AMC Limited, said, “We are delighted to partner with BentallGreenOak to develop a strong lending platform for the real estate industry. This is a merger of two strong brands. , Aditya Birla Sun Life AMC Limited, a 27-year-old diversified asset manager and BentallGreenOak, one of the world’s leading property investment managers, bringing a global institutional perspective.”
“We look forward to this combination, which allows us to leverage each other’s strengths and develop a great partnership. real estate which remain largely stable,” added Balasubramanian.
“India’s residential real estate sector is structurally attractive, driven by favorable demographics, a healthy national talent pool, low mortgage rates and improved transparency,” said Sonny Kalsi, co-CEO of BentallGreenOak.
“The BentallGreenOak team is delighted to partner with Aditya Birla Sun Life AMC to unlock value and jointly grow the platform. Aditya Birla Sun Life AMC is a leading asset manager with strong local experience, and we are committed to investing our necessary resources and capabilities to build this partnership and provide access to exciting new investment opportunities for our global investors and clients,” Kalsi said.