Khaitan & Co advised Allianz Real Estate which has partnered with Shapoorji Pallonji Group to set up a $500m commercial real estate fund—SPREF II platform which would focus on investing in commercial office properties in India.

The transaction marks the German firm’s first investment into real estate in India.

Siddharth Shah (partner), Vivek Mimani (Associate Partner), Deepak Jodhani (principal associate) and Alvin Selvam (senior associate) represented the client on the matter.