Starwood Capital and Walton Street Capital, two US real estate investment firms, have teamed up to invest in a $1.25bn property development in Kolkata, India, that will rank as one of the largest private equity deals in the country.

The buyers will team up as equal partners with Shriram Properties, an Indian developer, to launch the project on 20m sq ft of land previously occupied by a Hindustan Motors plant. It will be classified as a “township” including residential, retail and commercial real estate properties designed by HOK, the architecture firm.

Source: FT
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