Mumbai based Beyond Squarefeet Advisory Private Limited has acquired IDEAS Consultancy and Advisory - a division of IDEAS Advisory & Property Management Private Limited (India) and the South-Asia arm of Ideas Advisory Pte Ltd (Singapore).
Post this deal, Surjit Rajpurohit will head the mall/asset management business of Beyond Squarefeet as Director – Business Strategy.
IDEAS is a consulting and advisory firm which provides asset management services for retail real estate assets. The firm's strategic consulting arm provides services to all asset classes ranging from Commercial/Office real estate, Residential, Hospitality, Hospitals and Educational Institutions.
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.