The joint venture will develop and own institutional-grade, state-of-the-art industrial and logistics facilities as well as acquire core assets across India, with a focus on Tier 1 and Tier 2 cities.
Singapore’s sovereign wealth fund GIC and ESR Cayman Limited have, on Dec 22, entered into an 80:20 strategic partnership.
Under the partnership, both companies will establish a US$750 million ($1 billion) joint venture to develop and acquire industrial and logistics assets in India.
