Deutsche Bank Arm to Inject $1 Billion into Indian Real Estate
RREEF Alternate Investments, the global alternate investment management arm of Deutsche Bank, has unveiled plans to infuse over $1 billion into the Indian real estate landscape within the next three years. This substantial investment reflects continued confidence in the sector's potential.
Investment Strategy and Focus
The firm's investment approach encompasses a broad range of real estate opportunities. "There is no particular format that we are looking at right now," stated Mr. Kishore Gotely, Country Head of RREEF India Advisors Private Limited. "We see attractive opportunities across the spectrum — residential, retail, hospitality and commercial real estate.” RREEF's preferred deal size falls between $50 million and $150 million, with current evaluations concentrated on projects in western and northern India.
Diversified Portfolio and Previous Investments
Globally, RREEF Alternative Investments operates across three key sectors: real estate, infrastructure, and private equity. Mr. Gotely further elaborated on their broader activities, noting, “We are working on deals involving roads, power, airport and railway terminals”.
Since its entry into the Indian market, RREEF has strategically deployed capital in two significant ventures. An initial $70 million investment in Bangalore-based developer Golden Gates Properties in January underscored their commitment to the residential segment. Furthermore, a noteworthy $400 million has been allocated to a 60:40 joint venture with a company in Hyderabad, augmenting their presence in a vital southern Indian market. As Mr. Gotety stated, “We have also invested $400 million in a 60 : 40 joint venture with a company in Hyderabad”.