Home / Companies / News / Singapore's GIC in talks to invest over $100 million in ESR's fund

Singapore's GIC in talks to invest over $100 million in ESR's fund

ESR partnered Allianz Real Estate for a $225-million joint venture that aimed to become a $-billion asset platform

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ESR India had AUM of $500 million and 1.4 million sq mt of projects at the end of 2019. ESR has AUM of $22 billion across Asia Pacific

Raghavendra Kamath Mumbai

2 min read Last Updated : Sep 04 2020 | 6:10 AM IST

Singaporean sovereign fund GIC is in the final round of talks with ESR, a logistics investor backed by Warburg Pincus, to invest in the latter’s second India-focused logistics fund.

Though the exact investment is not known, GIC plans to put over $100 million (Rs 750 crore) in the fund, which has a targeted corpus of around $300 million (Rs 2,250 crore), said people in the know.

When contacted, an ESR spokesperson said: “We’re not able to discuss questions further at this moment.” A mail sent to GIC did not elicit any response.

In the first platform, ESR partnered Allianz Real Estate for a

Topics : GIC Warburg Pincus

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