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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Singapore’s GIC and Indian firm to develop Bangalore residential property

Posted on 02 July 2012

An Indian real estate developer called Brigade Enterprises teamed up with the Government of Singapore Investment Corporation (GIC) to jointly purchase a plot of land in Bangalore’s Whitefield Main Road.
They purchased the property from FMCG major Hindustan Unilever Ltd for Rs 125 crore. The GIC affiliate, Reco Begonia, entered into a partnership with Brigade Enterprises to develop a high-end residential apartment project on Whitefield Main Road in Bangalore………………………………………..Full Article: Source


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