Wednesday, December 15, 2010


Thakral: Plans to take a bigger step into Australia's property mkt and signaled that property could become its major business. Grp has set aside $15-16m for property projects and is seeking co-investors. Co is focusing on residential projects in Sydney and Melbourne as the supply of homes there is tight and developers are facing a funding gap…

Co is now actively working on 5-6 investment proposals which wld require $65m of capital in total. Investment horizon ranges from 1-3 yrs, and targets an IRR of 15-25%.

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