GIC and ESR sign a JV to invest in logistics and industrial assets

04 Nov 2022 CW Team

In order to create a Rs 49.64 billion joint venture to buy income-producing core industrial and logistics assets in India, Singapore's sovereign wealth fund GIC and Asia-Pacific focused real estate services and investment company ESR Group have partnered strategically.

In the joint venture, the sovereign fund will hold 80% of the equity while the Hong Kong Stock Exchange-listed ESR will hold 20%.

The current alliance between the two in India, which was started in 2020, is expanded through this joint venture.

The new joint venture will invest in stabilised operational assets in key locations throughout India's Tier 1 and Tier 2 cities and will provide focused capital dedicated to enabling inorganic growth of the platform.

Also read:
Warehousing demand to hit all-time high by year-end: experts
Adani Group plans to build six more MMLPs over the next two years

Infrastructure Urban

31 Jul 2026

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read the full article Click Here..

The Road Ahead Begins Here

The future of India’s roads took centrestage at RAHSTA Expo 2026, where policymakers, contractors and industry leaders came together under one roof. The event blended thought leadership, technology showcase and industry recognition into a single powerful platform.India’s roads and highways community gathered in full strength at the Jio World Convention Centre, Mumbai, on July 8-9, 2026, for the 16th edition of the RAHSTA Expo (Roads and Highways Sustainable Technologies & Advancement). Over two action-packed days, the event brought together policymakers, contractors, consultants, devel..

Wricks® is 50 per cent stronger than conventional bricks

India’s construction boom is colliding with mounting plastic and demolition waste. Angirus is responding with Wricks®, made from recycled waste and already deployed in over 400,000 units nationwide. Kunjpreet Arora, Cofounder and CEO, explains the technology, impact and growth roadmap.With several alternative building materials available, what industry gap did Angirus identify and how does Wricks® address it?The construction industry already has alternatives such as AAC blocks, fly-ash bricks and concrete blocks but these have limitations. AAC blocks may crack due to contraction and expans..