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Rationale behind geographical allocation

It is essential to have distinct regional strategies in a vast country like India, where states have distinctive real estate landscapes.

These are three of the most advanced, developed and vibrant regions in the country. These three regions have attracted the most significant share of financing from large institutions due to their shared rapid urbanisation, growing residential and commercial demand and increasing migration from populous neighbouring regions.

The team on the ground has extensive and deep roots in these markets, which helps access exclusive deals.

Indian Map
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Mumbai/MMR*

Commercial and Redevelopment

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Pune

Residential and Affordable Housing

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Delhi/NCR*

Residential and Commercial

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Our Competitive Advantage

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Privileged access to real estate deals

An extensive network including IPCs, developers, service providers
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Diversified investment strategy

Attractive risk / return profile through allocating the funds into income yielding and capital growth projects
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200+ years of combined experience

The team and advisors have managed AUM/Real Estate projects worth US$ 11 billion
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Joint partnerships

Advantageous combination of property development, investment management and distribution expertise
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Fund Features

FUND

Red Ribbon India Real Estate Fund

AIFM/PM

Limestone Platform AS Luxembourg

TERM

Closed-end / 8-year term with two 1-year extensions (8+1+1)

TARGET EQUITY

€300 million

DOMICILE

Luxembourg

INDIAN ASSET MANAGER

Substantia Real Estate India Private Limited

STRATEGY

  • Income from Grade A commercial buildings
  • Capital Growth from new build and redevelopment
  • Regional focus on the Western and Northern regions

SUSTAINABLE FINANCE DISCLOSURE REGULATION (SFDR)

  • Investment criteria include targeting assets and local partners who make use of offsite construction technology and environmentally friendly techniques
  • In accordance with the Fund's stated investment objectives, the Fund's investments include targetting inner-city slum redevelopment projects

ASSET ALLOCATION

  • New build including inner city slum redevelopment - up to 35%
  • Grade A commercial properties for rental yield - up to 35%
  • Cash Reserve - up to 5%"

MINIMUM SUBSCRIPTION

  • Institutional: €/£/$ 1 million per share class
  • Well-informed: €/£/$ 125 thousand per share class

HURDLE RATE

  • Capital Growth share class: 8% pa
  • Income share class: 6% pa

CURRENCY

EUR, GBP and USD

AUDITOR

Deloitte Luxembourg

DEPOSITORY & CUSTODIAN

RBC Investor Services Bank S.A

LEGAL STRUCTURE

SICAV-SIF

LEGAL ADVISOR

GSK Stockmann

FUND ADVISOR

Red Ribbon Fund Management Limited

TARGET RETURNS

  • Capital Growth Share Class: 18% p.a. IRR
  • Income Share Class: 12% p.a. IRR

SHARE CLASSES

  • Capital Growth - Institutional & Well-Informed
  • Income - Institutional & Well-Informed

MANAGEMENT FEES

  • Institutional – 1% of equity
  • Well-informed – 2% of equity

SUBSCRIPTION FEES

  • Institutional – 1% (to be charged to the Fund’s NAV)
  • Well-Informed – 5% (to be charged to the Fund’s NAV)

PERFORMANCE FEES

  • Capital Growth classes: 10% (over 8%); 20% (over 16%); 30% (over 24%)
  • Income classes: 10% (over 6%); 20% (over 12%); 30% (over 18%)

ISIN NUMBERS

Share Class Investor ISIN
Income Well-Informed LU2337445063
Income Institutional LU2337445493
Capital Growth Well-Informed LU2337445733
Capital Growth Institutional LU2337446038
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Contact us

Give us a call or get in touch with us. Our team is available to help with any general enquiries related to Red Ribbon India Real Estate Fund. We will respond within 24 hours

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Our Offices

16 Berkeley Street,

Mayfair, London

W1J 8DZ

11-13, boulevard de la Foire,

Grand-Duchy of Luxembourg, Luxembourg

L-1528

138A Main Street,

Gibraltar

GX11 1AA

Bavinckhouse - B.2.9 Prof. J.H. Bavincklaan 4,

Amstelveen, Netherlands

1183 AT

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Give Us A Call

+44 20 7183 3710

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Important Information - Disclaimers

This website is only directed at well-informed investors and is not suitable for retail investors. A well-informed investor means: An institutional investor, a professional investor, or any other investor who (i) adheres in writing to the status of a well-informed investor and (ii) either invests a minimum of one hundred and twenty-five thousand Euros (EUR 125,000) in the Fund or, when investing less, benefits from a certificate delivered by a credit institution within the meaning of Directive 2006/48/EC, by an investment firm within the meaning of Directive 2004/39/EC or by a management company within the meaning of Directive 2009/65/EC certifying his expertise, his experience, and his knowledge in adequately appraising an investment in the specialized investment fund.

The information contained and referenced on this website is supplied for information purposes only and does not constitute marketing, solicitation, recommendation, offer or invitation to subscribe or redeem fund units, to execute any transactions or to enter into any legally binding agreements.

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