December 16, 2016 / 6:17 PM / 9 months ago

BRIEF-Urbanfund Corp enters into joint venture with Takol Real Estate Inc

Dec 16 (Reuters) - Urbanfund Corp :

* Co and Takol invest $1.625 mln with remainder of purchase price, funds to renovate property provided by private lender at 6 pct per annum

* Complex, acquired for a purchase price of $5.255 mln

* Urbanfund Corp forms a new joint venture and acquires 50 pct interest in industrial complex Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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