The WIRE Group
From Wikipedia, the free encyclopedia
| The WIRE Group |  |
The WIRE Group, or WIRE, is India's first Real Estate fund and real estate developer based in Singapore and Bangalore.
The WIRE Group was established in 2006, based on several years of pioneering research of the market by US businessmen Yogesh Saini and Mark Fidelman between 2003 and 2005. Some of the early partners of the team instrumental in bringing together the company were Webcor Builders (http://www.webcor.com) of San Francisco and Santa Fe Partners (http://www.santafepartners.com) of Salt Lake City, UT. The company was formed to develop true Class A institutional grade buildings and townships in India. The company has interests in commercial office, residential and industrial real estate. Its upcoming plans include hotels, offices, and special economic zones-related development projects in Tamil Nadu, Karnataka, Kolkata and Hyderabad.
In 2006, the company hired its current Chairman and CEO Iqbal Jumabhoy from Singapore. Along with the core team he set up the various operating entities and the executive team. The company has a pipeline of proposed transactions which comprises over 5 million sq ft in 2007-2008.
Recently, WIRE Partnered with the UK's Protego Real Estate Group to raise a US $400 million fund. The Fund will invest primarily in office development projects, in tier one and tier two cities in India. WIRE is highlighting that the Fund will focus on developments that will be built to international building standards and specifications, as the Fund will be targeting major international corporates, as tenants, who will be seeking similar standards and specifications as they would expect to find in Europe or the US.
Executives
Iqbal Jumabhoy - Chief Executive Officer
Ashok Segu – Vice President, Project Acquisition
Mark Fidelman – Vice President, Marketing & Tenant Acquisition
Woolsey McKernon – Senior Vice President, Development
Thomas D. Mead – Senior VP at Webcor and Vice President, Design & Construction for WIRE
Anuj Bhargava – Vice President, Development
Sudarshan Dhuru – Chief Financial Officer
