Chennai: In the largest real-estate investment platform transaction set to be concluded this year, private equity major Warburg Pincus is poised to enter into an alliance with developer Runwal Group to invest $1 billion in retail-led mixed use development across the country, reports have stated.

The joint investment platform will see both the entities infusing around $250 million each as their equity contribution, while the rest will be through leveraging.

“This ($500 million) would just be the initial contribution as both the entities are open to investing more and expanding the size of the investment platform. Further investments and upping the platform size would depend on future growth opportunities,” said the report published by a media entity today.