Mon, May 23, 2022
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

GIC picks 49% in Bangalore residential SPV of Brigade Enterprises

Posted on 29 June 2012

Bangalore-based Brigade Enterprise has roped in Singapore’s sovereign wealth fund GIC (through its affiliate Reco Begonia) in a 51:49 private equity partnership to develop a residential project in Whitefield, Bangalore.
Both the realty developer and GIC will invest Rs 105 crore ($18 million) each in the SPV. The project will take another 12-15 months for approval. The said land parcel has been acquired from the FMCG major Hindustan Uniliver Ltd (HUL), which is looking to sell off its realty assets across the country. It has recently sold its erstwhile training centre called Gulita in Worli and also called for a bid to sell off its residential apartments across Mumbai………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
May 2022
M T W T F S S
« Nov    
 1
2345678
9101112131415
16171819202122
23242526272829
3031