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
Indian Real Estate Sees Resurgence in Private Equity Investments
Private equity investments in Indian real estate surged 15% YoY to USD 3 billion in H1 2024, driven by growth in warehousing and residential sectors.
Government Offers Flexibility to Taxpayers on Capital Gains Tax for Real Estate Transactions
In a move to simplify tax calculations, the government has introduced an option for taxpayers to compute capital gains tax on real estate transactions. This change is expected to benefit property sellers and reduce disputes over tax liabilities.
Small Cities, Big Opportunities: How Tier-2 and Tier-3 Cities are Revolutionizing the Real Estate Market
Mid-tier cities like Faridabad, Lucknow, Vrindavan, Ludhiana, Chandigarh, Indore, Dehradun, and Jaipur are becoming hotspots in the real estate market, offering a low-cost, peaceful life and high returns on investment.
Pre-Budget Expectations for the Real Estate Sector in Maharashtra
MahaRERA appoints NAREDCO Maharashtra as the first self-regulatory organization. The Maharashtra Real Estate Regulatory Authority makes a significant step towards ensuring transparency and accountability in the real estate sector.
Barbara Corcoran to Headline Kinexions 2025: A Premier Supply Chain Conference
Real estate mogul and entrepreneur Barbara Corcoran will take center stage at the premier supply chain conference of the year in Ottawa, Ontario, Canada.
Housing Sales Surge in India's Top 15 Tier-II Cities by 20% in Value
Coimbatore leads the growth with a 36% increase in sales volume, while Visakhapatnam's real estate market experiences a 21% downturn.