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.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook