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.
Mumbai/MMR*
Commercial and Redevelopment
Pune
Residential and Affordable Housing
Delhi/NCR*
Residential and Commercial
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 |
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
Our Offices
16 Berkeley Street,
Mayfair, London
W1J 8DZ
11-13, boulevard de la Foire,
Grand-Duchy of Luxembourg, Luxembourg
L-1528
2 Irish Town,
Gibraltar
GX11 1AA
Bavinckhouse - B.2.9 Prof. J.H. Bavincklaan 4,
Amstelveen, Netherlands
1183 AT
Give Us A Call
+44 20 7183 3710
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