Bengaluru, November, 07, 2017 – Colliers International India’s Capital Markets & Investment Services (CMIS) team in Bengaluru facilitated a successful completion of transaction between Skylark Mansions and Xander Finance. Colliers International was appointed as the sole advisor by Skylark for this transaction.

Colliers International was brought on board as the solution provider to raise INR105 crores in structured debt from an NBFC- Xander Finance Pvt Ltd, mainly to give an exit to the current investor- Motilal Oswal Real Estate in project Skylark Dasos on Hennur road. A part of the money will also be spent on the project development. This is a project which has around 8 lac sq ft of saleable residential space and is coming up in one the fastest growing areas of Bengaluru.

About the transaction

Skylark Mansions is one of the leading real estate development companies in South India and has been creating iconic developments for over two decades in Bengaluru. The Group has recently expanded to Chennai and has about 9 projects under construction. They sell homes at a starting price of Rs.30 lakh and up to Rs.6 crore. The realty firm has refinanced the existing lender – Motilal Oswal with lower-cost capital from Xander Finance and are looking to launch the project shortly. Motilal Oswal had invested through structured debt route in 2015 in the project. The newly raised capital will aid Skylark in faster approvals and timely construction of the project.

“We are pleased to be working closely with Xander Finance and Skylark Mansions. This transaction was possible due to commitment from both Skylark Mansions and Xander Finance to build a relationship. Once onboarded, the Colliers CMIS team advised Skylark on deal marketing, structuring and facilitated the due diligence and execution process, leading to a successful transaction closure”, said Garima Bansal | General Manager | CMIS (Bangalore) | Colliers International India.

Published in The Times of India: Xander Finance invests Rs 105 crore in Bengaluru housing project

About Colliers International Group Inc.

Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry-leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customised research; and thought leadership consulting. 

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm.

 

For the latest news from Colliers India, visit http://www.colliers.com/en-gb/india. To follow us on twitter, simply click on this twitter handle @Colliersintlind and to follow us on linkedin, simply click here

For further information, please contact: 

Sukanya Dasgupta, General Manager

Marketing & Communications, Colliers International India

Phone: +91 98118 67682, +91 88263 77335

Email: Sukanya.dasgupta@colliers.com

 

India
Colliers International | Mumbai, Indiabulls Finance Centre, 17th Floor, Unit No. 1701, Tower 3, Senapati Bapat Marg, Elphinstone (W), Mumbai 400 013, Maharashtra, India | Tel: +91 022 4924 9780