TCC Eyeing Development Prospects in India

DALLAS-Trammell Crow Co., with the brokers already on the ground, is considering a development initiative for India. Among the considerations is using the company’s favored development platform–specialized funds–to fuel the play.

In making a 30% investment last year in Trammell Crow Meghraj, one of the country’s leading property services firms, TCC earned a vital “introductory letter” to India’s investment circles. “There are capital sources there who’ve indicated interest in working with us,” TCC’s chairman and CEO Robert E. Sulentic tells GlobeSt.com.

Sulentic says a senior developer from TCC’s US ranks is considering relocation to India to launch a development program–a prerequisite for TCC to fire up the plan. “It could happen this year,” he says, “although we’re not committing.”