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Godrej Fund Management announces first close of $500 mn office fund


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. ....

Graeme Torre , Karan Bolaria , Godrej Office Fund , Godrej Fund Management , Godrej Group , Managing Director , Management Asia , Gbtc Ii , Office Development Platform , Apg Asset Management , கிரேம் டார் , கோதுரேஜ் அலுவலகம் நிதி , கோதுரேஜ் நிதி மேலாண்மை , கோதுரேஜ் குழு , நிர்வகித்தல் இயக்குனர் , மேலாண்மை ஆசியா , க்பிட்க ீ , அலுவலகம் வளர்ச்சி நடைமேடை , பாகி சொத்து மேலாண்மை ,

Godrej Fund Management announces first close of new Rs 3,700-crore office development platform


Godrej Fund Management announces first close of new Rs 3,700-crore office development platform
Vandana Ramnani
© Vandana Ramnani
Godrej Fund Management announces first close of new Rs 3,700-crore office development platform
Godrej Fund Management, the real estate private equity arm of the Godrej Group, has announced the first close of its Rs 3,700-crore office development platform, GBTC II in partnership with Netherlands-based APG Asset Management N.V., 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 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 Rs 22,000 crore. GFM has fully invested the previously raised capital under GBTC I and Godrej Office Fund I, the company said. ....

Graeme Torre , Karan Bolaria , Godrej Office Fund , Our Group , Vandana Ramnani Godrej Fund Management , Godrej Fund Management , Godrej Group , Fund Management , Godrej Fund , Managing Director , Management Asia , கிரேம் டார் , கோதுரேஜ் அலுவலகம் நிதி , அவர் குழு , வந்தனா ரம்னானி கோதுரேஜ் நிதி மேலாண்மை , கோதுரேஜ் நிதி மேலாண்மை , கோதுரேஜ் குழு , நிதி மேலாண்மை , கோதுரேஜ் நிதி , நிர்வகித்தல் இயக்குனர் , மேலாண்மை ஆசியா ,

Godrej Fund Management achieves first close of $500 mn office development fund


Godrej arm raises $250 mn for office fund
GFM will develop office properties that will be valued in excess of $1.5 billion
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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.
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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. ....

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