Shapoorji Pallonji, one of India’s largest business conglomerates, has announced that its development unit, Shapoorji Pallonji International Property Developers (SPIPD), has secured a key investment from UK-based Hayfin Capital Management for its landmark Imperial Avenue project in Downtown Dubai.

One of Europe’s leading alternative asset management firms headquartered in London, Hayfin focuses on delivering best-in-class risk-adjusted returns for its investors across its private credit, liquid credit and private equity solutions businesses. 

Imperial Avenue is an exclusive collection of luxury homes overlooking Burj Khalifa and Dubai Canal. Complete with five levels of free-flowing podiums and state-of-the-art facilities, Imperial Avenue consists of one- to four-bedroom apartments, four- and five-bedroom penthouses, three- to five-bedroom villas with private pools at the podium level.

On the project, SPIPD said the construction work is 55 per cent complete and is due to be ready in Q4 of 2023.