India Real Estate Asset Platform
The Taurus Sage Funds Management platform brings together significant global expertise in Real Estate asset management. With Real Estate development & financing experience embedded in the core of its DNA, the platform is able to identify, acquire, develop and monetize real estate investments seamlessly.
The Taurus Sage partnership which sponsors the IREAP (India Real Estate Asset Program) platform is an amalgamation of the global Real Estate experience of Taurus spread across both developed and emerging markets and the extensive India Private Equity and Real Assets experience of Sage. Both managers will jointly assess risks for evaluated opportunities, secure key terms and put in place a robust asset management & monitoring process.
Taurus Sage Funds Management LLP is the Investment Manager for the IREAP (India Real Estate Asset Program) platform, registered under AIF Category II with the Securities and Exchange Board of India (SEBI).IREAP I platform aims at opportunistically investing in high-quality real estate assets and development opportunities across India’s fastest-growing cities.
Strong Leadership & Advisory Board: Significant proven investment management experience and internationally acclaimed advisory board with thought leaders and real estate practitioners
Risk Management Framework: Thoroughly underwritten, risk eliminated, exit focused, investment thesis in Commercial and Residential RE
Active Investment Management: Sponsors will actively oversee and help manage all investments through their highly experienced, multi-functional, on-the-ground team
Significant Sponsor Commitment: 10% of aggregate total, subject to maximum capital commitment of $15 Million via investments in seed assets
Location Strategy: Tier 1 cities such as Bangalore, Chennai, Hyderabad and Mumbai. Fast growing, attractive, Tier 2 markets such as Trivandrum, Kochi, Vizag and other cities
Asset Strategy: Build-to-Core, Class A, Commercial RE assets and Mid-scale, Residential Developments
Investment Structure Strategy: Structured equity/debt & mezzanine transactions with adequate asset cover
Development Strategy: Deployment via Established and Dominant Developers in each micro-market having solid execution track record & credit history
Opportunity High quality (Core) Operating assets are almost non-existent in India post the massive wave of acquisitions by institutional platforms between 2014 and 2020
Returns: Built-to-Core development of commercial RE assets allows investors to benefit from strong capital appreciation because the investment is at cost (of development) but exits can be achieved at par with core assets.
Target Range: 18%-22% (INR) Annualised
Direct exits: Commercial assets exited to REITs/institutions and Residential through sale of units to end-users
The Taurus Sage Funds Management program provides its stakeholders with an investment platform that excels in its commitment to ethical, sustainable and responsible investing.
Whether it is building LEED- certified office spaces, or building energy efficient, safe & sustainable residences for lifestyle conscious occupiers, our investment philosophies are prioritized by those environmental, social and governance (ESG) factors that are most material for a given investment.
Chairman and Head of Investment Committee
CEO & Vice Chairman of Investment Committee
Managing Director
Managing Director
Chief Operating Officer
Chief Financial Officer
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