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GIC and ESR establish US$750 mil joint venture to develop and acquire industrial and logistics assets in India

Felicia Tan
Felicia Tan12/22/2020 10:23 AM GMT+08  • 2 min read
GIC and ESR establish US$750 mil joint venture to develop and acquire industrial and logistics assets in India
The joint venture will develop and own institutional-grade, state-of-the-art industrial and logistics facilities across India.
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Singapore’s sovereign wealth fund GIC and ESR Cayman Limited have, on Dec 22, entered into an 80:20 strategic partnership.

Under the partnership, both companies will establish a US$750 million ($1 billion) joint venture to develop and acquire industrial and logistics assets in India.

The joint venture will develop and own institutional-grade, state-of-the-art industrial and logistics facilities as well as acquire core assets across India, with a focus on Tier 1 and Tier 2 cities.

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