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How was MPC Synergy's exit from Phoenix Mills’ St. Regis Mumbai property?

Manni/VCCircle

Manni/VCCircle MPC Synergy Real Estate, a Swiss-German private equity firm, has exited its over eight-year-old The Mumbai-based developer had raised a mega corpus of Rs 1,300 crorefrom the PE firm way back in 2008. It had raised the funding for a bunch of projects spanning across retail and hospitality segments. At the time of investment, the company was developing two hotels – one each in Mumbai and Chennai – and a significant part of the funding was to be deployed across these two properties. MPC Synergy is a joint venture between Germany-based MPC Capital and Switzerland-based Synergy Asset. The investment...

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