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GIC, ESR form $750 million JV to invest in industrial, logistics realty in India

China Singapore India city Mumbai pandemic Government
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BENGALURU : Singapore’s sovereign wealth fund GIC Pte Ltd and ESR Cayman Ltd on Tuesday entered into an 80:20 partnership, to set up a $750 million joint venture to develop and acquire industrial and logistics assets in India.The JV will develop and own industrial, logistics facilities as well as acquire core or operational assets, focusing on Tier 1 and Tier 2 cities.Also Read | Dark underbelly of India Inc’s shop floorsThe transaction is subject to relevant regulatory approvals.The JV will be seeded with a 2.2 million sq ft build-to-core asset near Mumbai and Thane.Kishore Gotety, co-head (Asia ex-China) of real estate, GIC, said, “Continued e-commerce growth in India over the long term, reinforced by rising internet penetration, is.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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