Man Infraconstruction associate acquires stake in US real estate JV

Man Infraconstruction Limited announced that Admire 1250 LLC, an associate of its wholly-owned subsidiary MICL Global, INC, has acquired a 15.385% ownership interest in 1250 JV LP. The acquisition, confirmed on August 29, 2025, involved a cash consideration, with Admire 1250 LLC making an initial capital contribution of $10 million.

1250 JV LP, registered in Delaware, USA, in May 2024, is an associate of Admire 1250 LLC. Its primary business is real estate development. The JV entity is currently at the initial stage of business operations with no stated turnover. The transaction is not considered a related-party transaction, and neither the promoter nor promoter group holds any interest in the acquired entity.