The Government of Singapore Investment Corporation is in the final round of talks with ESR to invest in their second India focused logistics funds. ESR Cayman is a logistics real estate platform backed by a private equity firm Warburg Pincus. GIC is expected to invest approximately Rs 7.50 billion out of the targeted corpus of Rs 22.50 billion, as reported earlier.
Godrej Fund Management (“GFM”), the real estate private equity arm of the Godrej Group, has announced the second and final close of its US$ 450 million office development platform. Across Godrej Build to Core-I (“GBTC-I”) and the existing core fund, GFM can now invest in or develop office assets worth over US$ 1 billion in value.