Paracor Capital Invests in Hallmark Infrastructure's Residential Projects
Investment Details
Paracor Capital has infused $20 million into two residential projects developed by Hallmark Infrastructure, a Chennai-based real estate developer. Both projects, spanning 0.8 million sq ft, are strategically located opposite Mahindra World City on GST Road in New Chennai.
About Hallmark Infrastructure
Established in 1998, Hallmark Infrastructure transitioned into Hallmark Infrastructure Pvt. Ltd in 2005. The company boasts a diversified portfolio with significant presence in:
- Infrastructure projects
- IT parks
- Townships
- Hospitality
- Serviced apartments
Paracor Capital Advisors Overview
Paracor Capital Advisors serves as the Indian advisor to two Mauritius-based entities:
- Paracor India Investments Limited: Focuses on private equity transactions.
- Madison India Real Estate Fund Limited: Concentrates on real estate and hospitality investments.
Investment Milestones for Paracor
This investment marks Paracor's fifth foray into Indian real estate. Notable past investments include:
- R55Cr for an 8% stake in Marvel Landmarks Pvt. Ltd, backed by Och-Ziff Capital Management Group.
- Investments in Arun Excello Homes, Daman Hospitality, and Sabari Inn.
Market Context - Q1 Investments
The quarter witnessed 12 investments totaling $477 million across 10 disclosed deals in the real estate sector. The largest investment during Q1 was GIC's $100 million stake in a Godrej Properties office project in Mumbai's Bandra Kurla Complex. Other significant deals include investments by ASK Property Advisors in Paranjape Schemes and Future Capital in Rustomjee Group's project.