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Man Infraconstruction’s arm forms JV entity in USA

13 Jul 2022 Evaluate

Man Infraconstruction’s wholly owned subsidiary -- MICL Global INC has formed ‘Parvat Washington, LLC’ as JV entity in the State of Delaware, USA. Parvat Washington LLC will carry on the business of real estate development and other lawful activities and is yet to commence business operations. MICL Global holds 50% interest in Parvat Washington.

Parvat Washington, LLC has entered into the LLC agreement for URBIN Miami Beach Partners, LLC. URBIN as brand, aims to provide affordability, sustainability and mobility in core urban neighborhoods. URBIN is a relaxed co-live/ co-work space created to cater to communities offering budget conscious lifestyle through responsible green living and working. URBIN features co-live, co-work, and an extended-stay hotel component alongside wellness amenities. Situated on Washington Avenue, the project will offer more than 10,000 sq. ft. of leasable workspace and combined approximately 125 living spaces across hotel rooms and co living residences. Parvat Washington, LLC holds 40% interest in URBIN Miami Beach Partners, LLC.

Man Infraconstruction is an India-based company engaged in the business of civil construction. The company’s operations consist of construction / project activities/real estate activities.

Peers
Company Name CMP
Larsen & Toubro 3819.50
Kalpataru Projects 1390.30
NCC 135.00
Rail Vikas Nigam 197.10
KEC International 397.60
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