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
Related News Articles
UAE's Economic Boom: CBUAE Predicts 6.2% Real GDP Growth by 2025
The UAE's real estate, tourism, and transportation sectors are expected to drive economic growth, with the CBUAE projecting a 6.2% increase in real GDP by 2025.
Delhi-NCR Office Market Ranks 5th Most Expensive in Asia Pacific Region
Delhi-NCR ranks as the 5th most expensive office market in the APAC region with a prime office rent of INR 340/sqft/month.
Residential Real Estate Market Outlook: Cautious Optimism Prevails
Despite a cautious stance, 63% of Q2 respondents expect higher residential property prices, indicating a broadly optimistic outlook for the real estate market.
JP Morgan India Leases Massive 5.6 Lakh Sq Ft Office Space in Bengaluru for 7+ Years
Bengaluru's real estate market is on fire! JP Morgan India has leased a whopping 5.6 lakh sq ft office space in Embassy TechVillage for over 7 years. But is this a sign of a booming market or a bubble waiting to burst?
Virgo Daily Horoscope for September 14, 2024: Navigating a Temporary Decline in Assets
Finance and Property: Ganesha predicts a slight decline in profits from real estate. Be cautious in real estate deals and keep an eye on expenses to improve financial outlook.
Tamil Nadu Panchayat Ward Member's Husband Arrested for Sexual Harassment
A 38-year-old real estate broker, husband of a panchayat ward member, was arrested for allegedly harassing a widow and seeking sexual favours from her in Guduvanchery.