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Godrej Fund Management, the real estate private equity arm of the Godrej Group, on Monday announced the first close of its $500 million office development platform, GBTC II in partnership with Netherlands-based APG Asset Management, the cornerstone investor in the platform. Under this programme, GFM will have the ability to develop Class-A office assets that will be valued in excess of $1.5 billion (Rs 11,000 crore) on completion and the total value of office assets including those from previous funds will take the portfolio value on completion to over $3 billion (Rs 22,000 crore). GFM has fully invested the previously raised capital under GBTC I and Godrej Office Fund I. ....
Read more about Godrej Fund Management raises $200 million from APG for office segment on Business Standard. GFM has fully invested the previously raised capital under GBTC I and Godrej Office Fund I ....
Godrej Fund Management (GFM), the real estate private equity arm of the Godrej Group, has announced the first close of its $500 million office development platform GBTC II in partnership with Netherlands-based APG Asset Management N.V. (APG), . ....
Godrej arm raises $250 mn for office fund GFM will develop office properties that will be valued in excess of $1.5 billion (Mint)Premium Share Via Read Full Story Godrej Fund Management (GFM), the real estate-focused private equity arm of Godrej Group, marked the first close of its $500-million office development platform, GBTC II, at $250 million. It raised $200 million from existing investor, Netherlands-based APG Asset Management N.V., and $50 million from the Godrej Group. TRENDING STORIESSee All 2 min read 2 min read 2 min read Premium 2 min read It will raise the remaining amount over the next 12-15 months. GBTC has a ‘club-style’ office investment strategy that involves buying land and developing office buildings in key cities. The platform has a strong investment pipeline and aims to deploy the fresh capital within 12 months. ....