Global alternative investment firm Värde Partners has provided senior construction financing for two pre-leased office assets in India while Japan’s Unison Capital announced two acquisitions in the healthcare sector.
Värde invests $155m in two India office assets
Global alternative investment firm Värde Partners has extended senior construction financing for two pre-leased office assets in Hyderabad, India.
The $155-million facility will be used to refinance and fund the completion of over 2.5 million sq ft across two Grade A developments owned by Phoenix Group.
“We see significant opportunity across the Indian office market for both the financing and purchase of assets, in a market that offers potential strong cash-flow visibility, multinational tenants and strong absorption,” said Tim Mooney, Partner and Global Head of Real Estate at Värde Partners.
Värde Partners has invested $75 billion since its inception and manages more than $14 billion on behalf of a global investor base. The firm’s investments span corporate and traded credit, real estate and mortgages, private equity and direct lending.
Phoenix Group, a Hyderabad-focused group, has successfully developed over 12 million sq ft of mixed-use developments.
Japan’s Unison makes two healthcare acquisitions
Japan’s Unison Capital has sealed two deals in the healthcare space with the acquisition of pharmacy chain Reliance and outpatient nursing provider N Field. The deals were conducted through its Unison Capital Partners V.
The financial terms of the two deals were not disclosed.
Unison V plans to continue the consolidation of community pharmacies. The acquisition of Reliance is the first transaction of community pharmacies undertaken by Unison V.
N Field, meanwhile, is a specialised nationwide at-home nursing service provider catering to patients with mental disorders.