Godrej Fund does final close for $450-mn office development platform

The fund has already secured two developments, one each in Mumbai and Gurgaon, totalling 2 million square feet

Godrej Fund Management (GFM), the real estate private equity arm of the Godrej Group, on Tuesday announced the second and final close of its $450 million office development platform. Across Godrej Build to Core – I and the existing core fund, GFM can now invest in/develop office assets worth over $1 billion in value, it said. 

With this development, the assets under management for GFM has crossed the $1.6 billion mark across asset classes. GBTC-I is a 'club style' office investment platform that invests in developing world class, grade-A office buildings in leading locations across the key office markets of