Xander and GIC Join Forces in Landmark $250-Million Indian Real Estate Deal
A joint venture between Singapore-based private equity real estate investor Xander Investment Management and GIC has acquired a special economic zone in a major Indian IT hub.
Real EstateIndiaPrivate EquityGicXander Investment ManagementReal Estate NewsMay 30, 2024
The deal, valued at over $250 million, has been struck with the seller, SPREF II, a joint venture between Shapoorji Pallonji and other investors. This acquisition marks a significant milestone for XIM and GIC, as they look to expand their presence in India's thriving real estate market.
Xander Investment Management, founded in 2005, is a leading private equity real estate investor with a focus on emerging markets. The company has a strong track record of investing in India, with a significant portfolio of properties across the country.
GIC, on the other hand, is a sovereign wealth fund established by the Government of Singapore in 1981. The fund has a diverse portfolio of investments across the globe, with a significant focus on real estate.
The Indian real estate market has seen significant growth in recent years, driven by a rapidly expanding economy and a growing demand for quality commercial and residential spaces. The sector has attracted significant investments from domestic and international investors, with private equity firms like Xander Investment Management and sovereign wealth funds like GIC playing a major role.
Xander Investment Management is a leading private equity real estate investor with a focus on emerging markets. The company has a strong track record of investing in India, with a significant portfolio of properties across the country.
GIC is a sovereign wealth fund established by the Government of Singapore in 1981. The fund has a diverse portfolio of investments across the globe, with a significant focus on real estate.
Frequently Asked Questions
What is the value of the deal between Xander Investment Management and GIC?
The deal is valued at over $250 million
What type of property has been acquired in the deal?
A special economic zone in one of India's major information technology centers
Who is the seller in the deal?
SPREF II a joint venture between Shapoorji Pallonji and other investors
What is Xander Investment Management's focus?
Private equity real estate investment in emerging markets
What is GIC's focus?
Sovereign wealth fund with a diverse portfolio of investments across the globe including real estate
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