Stay updated with breaking news from Graeme torre. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Mingtiandi Username Godrej headquarters in Mumbai Godrej Fund Management (GFM), the real estate private equity arm of Mumbai-based Godrej Group, on Monday announced the $250 million first closing of its $500 million office development platform, GBTC II, with cornerstone investor APG Asset Management kicking in $200 million. GFM aims to develop office assets in India worth more than $1.5 billion upon their completion as part of the rush into the country’s office market, which has also attracted foreign investors like Allianz and Blackstone. Godrej Build to Core II is a “club style” office investment strategy focused on developing world-class office buildings in prime locations across leading office markets in India, GFM and Netherlands-based APG said in a release. ....
Realty-focused Godrej Fund hits first close of new vehicle at $250m High rises in Mumbai, India. Photo by Joel Steevan on Unsplash. Premium Godrej Fund Management, the Singapore-based real estate private equity arm of the Godrej Group, announced that it has reached the first close of its second closed-end office development at $250 million. Continue reading this story with a subscription to DealStreetAsia. Contact us for corporate subscriptions at subs@dealstreetasia.com. Sign up for our newsletter - The Daily Brief Opt out of receiving The Daily Brief in your inbox everyday REGISTER stories left placeholder You have one free story left this month. ....
Godrej Fund Management sets sights on $3 bn office projects portfolio by 2023 SECTIONS Share Synopsis Godrej Fund Management, the real estate private equity arm of the Godrej Group, plans to strengthen its pan-India office projects portfolio to over $3 billion or Rs 22,000 crore by 2023 as it deploys a strategy to take this portfolio public through a Real Estate Investment Trust (REIT) or hold these assets though a large private core fund. Agencies Godrej Fund Management, the real estate private equity arm of the Godrej Group, plans to strengthen its pan-India office projects portfolio to over $3 billion or Rs 22,000 crore by 2023 as it deploys a strategy to take this portfolio public through a Real Estate Investment Trust (REIT) or hold these assets though a large private core fund. This will be India’s first domestic private equity fund with such a large office projects portfolio that can rival global entities like the Blackstone Group and Brookfield A ....
Antares announced today that it served as sole lead arranger and is acting as administrative agent on senior secured credit facilities to support the ....
Godrej Fund Management launches $500 million office platform; raises $250 million in 1st round SECTIONS Last Updated: Jan 18, 2021, 01:19 PM IST Share Synopsis Singapore-based GFM, a real estate private equity arm of the Godrej Group, on Monday announced the first closure of its USD 500 million office development platform GBTC II in partnership with Netherlands-based APG Asset Management NV (APG). We have made first closure of USD 250 million. The fund will be deployed this calendar year, GFM MD and CEO Karan Bolaria told. New Delhi: Private equity firm Godrej Fund Management (GFM) has raised USD 250 million in the first tranche for its new platform to develop prime office buildings across four major cities. Singapore-based GFM, a real estate private equity arm of the Godrej Group, on Monday announced the first closure of its USD 500 million office development platform GBTC II in partnership with Netherlands-based APG Asset Management NV (APG). ....