Axis AMC and Tishman Speyer to build sustainable offices in India

  • Asset Management axis and based in New York Tishman Speyer intend to develop commercial projects in Mumbai, Bangalore, Chennai and more.
  • Axis Asset Management plans to exercise end-to-end control over the life cycle of its project.
  • The past 6 to 8 years have seen significant activity in commercial real estate from institutional and retail investors, Axis said.

Axis Asset Management has today partnered with New York real estate developer Tishman Speyer to develop sustainable office properties. The partners are considering greenfield business projects in eight markets: MMR, NCR, Bangalore, Hyderabad, Chennai, Pune, Ahmedabad and Kolkata.

“I strongly believe that together we can create an attractive offer in this asset class. This platform once again presents AMC axis as an asset manager that has been at the forefront of product innovation, delivering quality long-term solutions to our investors,” said Amitabh Chaudhry, MD and CEO, Axis Bank.

Axis Asset Management plans to exercise end-to-end control of its project lifecycle through design, development, leasing and property management through the partnership.

“Axis AMC creates a market-leading alternative platform that offers unique, uncorrelated investment pathways. Although the market offers products focused on rent-generating business assets, the Axis platform will provide a unique opportunity in the business asset development phase,” said Chandresh Nigam, Managing Director and CEO of Axis AMC.

Axis AMC, over the past five years, has invested significantly in expanding its alternative capabilities. It manages over ₹4,400 crore in various businesses including real estate, private equity, structured credit, quantitative and listed equities.

“The past 6 to 8 years have seen significant activity and deepening of secondary commercial real estate markets through the participation of institutional and retail investors,” the company said in a statement.

Founded in 1978, Tishman Speyer owns, develops, operates and manages real estate investments worldwide. It is active in countries including the United States, Europe, Latin America and Asia, building and managing premier office, residential, life science and retail space.

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