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Sign in Sign up for a FREE subscriptionMeritz Securities Co. enters India’s residential real estate market
Seoul-headquartered asset management company Meritz Securities Co. has committed $425 million to a housing finance platform in India as an anchor investor, in its first foray into the country’s residential real estate market.
The partnership is with Edelweiss Group, which will manage the platform.
The platform will purchase existing residential real estate loans to completed projects. And it will raise more than $1 billion over the next 12 months.