Deutsche's RREEF Unit to Invest $1 Billion in India

Deutsche Bank AG's RREEF Unit, the world's largest alternative investment manager, plans to invest more than $1 billion over three years in India's real estate and infrastructure assets.

 'It's known that India needs more than $450 billion in investments for developing infrastructure,'' said Kurt Roeloffs, RREEF regional chief executive officer based in Singapore, in Mumbai today. ``We think India will be an attractive emerging real estate and infrastructure market for our clients.

'' Property developers in the world's fastest-growing major economy after China are seeking more investments to meet rising demand. India's economy has grown at an average annual rate of 8.7 percent since 2003, lifting the incomes of individuals and companies.

RREEF's so-called alternative asset investments have doubled in the Asia-Pacific region over the past two years. Assets under management in the region now account for about 15 percent of its global total, Roeloffs said. He expects Asia to contribute a larger share of the pie in the next few years..…(Read more..)

Source : Bloomberg