28.06.2012 - Brigade Group ties up with GIC to develop property in Bangalore
Realty developer Brigade Group today said that it has created a special purpose vehicle (SPV) with Government of Singapore Investment Corporation (GIC) as a partner to develop a residential project in Bangalore and it will invest Rs 100 crore in the project. "Brigade group and GIC, through its affiliate Reco Begonia, have entered into a 51:49 private equity partnership through a SPV for the development of a residential project on Whitefield Road, Bangalore," the company said in a statement. The group would be developing the project and will be making an investment of over Rs 100 crore in the SPV with GIC as partner, it added...............................................Full Article: Source
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