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Singapore GIC to invest $ 750 million in Indian real estate

GIC company to invest $750 million in ESR partnership to develop sector Industrial and logistics real estate in India.

According to www.pionline.com, GIC will hold 80% of the total investment. ESR is a $26.5 billion freight forwarder focused on the Asia-Pacific market.

The joint venture will occupy industrial space and industrial logistics in high-end and modern institutions, the website said. The two companies will also acquire core properties in India's first and second tier cities.

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Gish co-chairman Kishore Gotety says GIC has been investing in India for more than a decade and that the investment is a testament to confidence. Of the company to the long-term potential of this market.

Kishore Gotety says e-commerce continues in India over the long term, boosted by rising internet usage The Internet is expected to drive strong demand for industrial and logistics assets. This is further supported by an emphasis on infrastructure development, supply chain transformation, and low availability.

He explained that the joint venture is well positioned to benefit from these garments, bringing institutional assets into the market and Make a profit back. This agreement is subject to regulatory approval.

GIC company did not disclose the size of its investment portfolio, but estimated it to be worth more than $ 400 billion. The fund has allocated 7 percent to real estate as of March 31, 2021, with 19 percent of its assets invested in Asia.

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