Mexico-focused real estate group Be Grand has raised MXN4 billion (approximately US$211 million) via the listing of a Certificado de Capital de Desarollo (CKD) on the Mexican Stock Exchange. Investors in the CKD include Mexican pension fund Afore XXI Banorte, Mexican bank Citibanamex, Singaporean sovereign wealth fund Temasek Holdings and Seguros MetLife. The fund plans to develop residential projects in Mexico.