DLF Limited joint venture with WSP Group
27th November 2006
DLF has been a leader in the Indian real estate market since its inception six decades ago. It is currently developing residential, commercial, retail and mixed use projects across the country. DLFs primary objective in creating the joint venture with WSP is to partner with a strong global firm that has the skills and scale to service its expanded need for high quality design and engineering services to support the companys developments in the coming years.
There is a strong logic in DLF partnering with WSP as WSP is a leading global business whose experience includes a number of leading projects such as the Freedom tower at ground Zero, New York, the Mall of the Emirates, Dubai, the Royal Bank of Scotland headquarters in Edinburgh, Scotland, and major developments at Heathrow and Stansted airports.
Langham Capital is very excited to have advised the DLF team in this transaction. It expands the activity we have made our niche from the main sectors in which we have operate IT services & software and business process outsourcing into the real estate sector.
Langham Capital has acted as sole advisor to DLF Limited (DLF) in establishing a joint venture with WSP Group plc (WSP) to provide engineering and design services to the construction industry. DLF, Indias largest real estate company, and WSP, a global design and engineering firm based out of the UK, will both contribute equity to create a new company registered in India.
