Kenmore Real Estate in India

Scottish Property Giant, Kenmore has bought 20% stake in Indian Ocean Ventures - Real Estate Investment firm for an undisclosed amount. Kenmore has a portfolio of more than $2 Billion and have projects in pipeline worth more than $1 Billion.

Mr Rob brook of Kenmore Europe said,

We have acquired 20% stake in Indian Ocean Ventures to build up knowledge base about India. We are investing in several opportunities and by 2008-09, we plan to enter the Indian market.

Kenmore is interested in Retail and Commercial Real Estate in India.