ASK Group exits 3 realty projects

Advent International bought 40% in ASK group recently

ASK Property Investment Advisors (ASKPIA), the real estate private equity arm of financial services firm ASK Group, on Tuesday announced exits from project investments in Noida, Bengaluru and Thane.  

ASK has exited from ATS Infrastructures’ ATS Le Grandiose located on Noida Greater Noida Expressway at Sector 150 for Rs 121 crore. The investment was made from ASK's domestic fund — ASK Real Estate Special Opportunities Portfolio II. ASK had invested Rs 66 crore in ATS Group in February 2014 and in three years; fetched a return of 27 per cent and a multiple of 1.85, it said.