DLF Laing sets up $1.5 bn infrastructure fund - Indian Real Estate Forum

Smantha Sen · 16-03-07

The DLF Laing O’Rourke joint venture, formed last year, is syndicating a $1.5 billion infrastructure fund that will target investment mainly from foreign investors.This is probably the first instance of construction and infrastructure companies setting up such a fund.

Laing O’Rourke is a European infrastructure and real estate company based out of the United Kingdom. It signed a 50:50 joint venture with DLF at an initial investment of Rs 500 crore. The venture is currently developing 100 million square feet of DLF’s projects across India.

The joint venture is targeting a project value of Rs 2,500 crore in 2007-08 and plans to hire another 1500 direct staffers. It currently has 500 people on the rolls.

16-03-07	#1
Smantha Sen New Member Join Date: Jan 2007 Posts: 32 Thanks: 0 Thanked 0 Times in 0 Posts	DLF Laing sets up $1.5 bn infrastructure fund The DLF Laing O’Rourke joint venture, formed last year, is syndicating a $1.5 billion infrastructure fund that will target investment mainly from foreign investors.This is probably the first instance of construction and infrastructure companies setting up such a fund. Laing O’Rourke is a European infrastructure and real estate company based out of the United Kingdom. It signed a 50:50 joint venture with DLF at an initial investment of Rs 500 crore. The venture is currently developing 100 million square feet of DLF’s projects across India. The joint venture is targeting a project value of Rs 2,500 crore in 2007-08 and plans to hire another 1500 direct staffers. It currently has 500 people on the rolls.

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