Singapore's Sovereign Wealth Fund Invests in India

 


Singapore's sovereign wealth fund GIC and Brookfield India Real Estate Investment Trust (REIT) announced they have partnered to acquire commercial properties across India. The move marks the first collaboration between a global institutional investor and a listed REIT in the country. 

The joint venture will include assets in Mumbai and Gurugram and bundle office properties in their respected Downtowns. 

  • The partnership comes when GIC looks to position itself strategically to bet on India.
  • Brookfield India's market capitalization was $1.1B as of May 22. 

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