JV Investment Boosts $3.4B India Mixed-Use Portfolio

Article Date : 27 August 2008
News Section: India

In return for $126 million and change, Tel Aviv, Israel-based Elbit Imaging Ltd. has forked over part of its stake in a $3.4 billion mixed-use project portfolio in India via a new joint venture. It's a family arrangement, however. The investment comes from Elbit Imaging subsidiary Plaza Centers N.V., an emerging markets property developer focusing on projects in Central and Eastern Europe and in India...

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