The former chief executive of Allianz Real Estate’s Apac business is set to launch a real estate fund management business based in Singapore.
Rushabh Desai has joined forces with the co-founders of an Australian rental housing developer to establish Varsity Group Asia.
Based in Singapore, the new firm will focus on high-growth real estate investments covering rental accommodation, education, healthcare, data centres and self-storage.
Desai will serve as chief executive of the new business.
Preliminary fundraising is set to begin in the second half of the year, while a formal launch is expected in late 2023 or early 2024.
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