GIC & ESR partner to form a JV to invest in Industrial & Logistics Assets

By Nikita Chaurasia  | Date: 2022-11-04

GIC & ESR partner to form a JV to invest in Industrial & Logistics Assets

Insurance company, GIC, and real estate firm, ESR Group Limited have recently entered an 80:20 strategic partnership to develop a USD 600 million JV (Joint Venture) to take over income-producing core industrial and logistics assets in India.

This core JV evidences the extension of the existing partnership in India between the two, which began in 2020, in which the initial capital pool intended to invest in value-add logistics as well as developments and industrial opportunities across India.

Apparently, this new Core JV will offer focused capital that will empower the platform to grow inorganically to make investments in stabilized operational assets within strategic locations across Tier 1 and Tier 2 cities of the country.

Sources also cite that investments in enabling the sustainable infrastructure will be crucial for the country's development.

Considering that organized retail and e-commerce shares are on the rise, supported by emerging sectors like electric vehicles and semiconductors, the industrial and logistics asset class will showcase immense growth in the medium term.

Jeffrey Shen and Stuart Gibson, ESR Co-CEOs and Co-Founders stated that the capital partner support has played a vital role in the development of ESR's new economy real estate platform.

The officials further mentioned that the firm is keen on collaborating with GIC as it will aid in capitalizing on solid growth in the logistics sector in India.

Shen and Gibson further stated that as one of APAC's leading real estate asset managers, ESR's integrated fund management platform has empowered capital partners with access to the world's leading secular growth opportunities.

These opportunities are driven by the positive trends of e-commerce and digital transformation.

Furthermore, these trends offer new investment opportunities to ESR as well as the capital partners as the demand for advanced, well-located, large-scale logistics and industrial assets rise.

For the unversed, ESR India is a renowned manager and developer of industrial and logistics real estate with USD 1.7 billion in assets under management and around 18 million sq. ft. GFA. 

Source credit - https://www.prnewswire.com/in/news-releases/gic-and-esr-establish-a-us-600-million-joint-venture-to-invest-in-core-industrial-and-logistics-assets-in-india-887192370.html

About Author

Nikita Chaurasia     aeresearch.net

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More >>

More News By Nikita Chaurasia

Tata Tele Business Services to offer Microsoft Azure to Indian SMBs

Tata Tele Business Services to offer Microsoft Azure to Indian SMBs

By Nikita Chaurasia

Telecommunications service provider, TTBS (Tata Tele Business Services) has reportedly announced that it would help Indian SMBs (small and medium businesses) migrate their workloads to the cloud by providing Microsoft Azure (cloud computing services)...

Tatas in plans to acquire Bisleri in a deal worth USD 856 million

Tatas in plans to acquire Bisleri in a deal worth USD 856 million

By Nikita Chaurasia

India's fast-moving consumer goods company, Tata Consumer Products Ltd is reportedly all set to acquire drink company, Bisleri International in a deal worth USD 856 million (₹7000 crores), reported the packaged water makers chairman, Ramesh...

Ukio raises $28M to offer comfort to working professionals across Europe

Ukio raises $28M to offer comfort to working professionals across Europe

By Nikita Chaurasia

Ukio, an apartment rental agency in Barcelona, Spain, has reportedly raised $28 million (€27 million) in a Series A round of funding. Apparently, the cash injection consists of over $17.5 million (€17 million) in equity and more than $10...

Amazon’s AWS unveils 2nd infrastructure region in Hyderabad, India

Amazon’s AWS unveils 2nd infrastructure region in Hyderabad, India

By Nikita Chaurasia

IT service management company, Amazon Web Services, Inc. (AWS), has recently announced the unveiling of another leading AWS infrastructure region in India, the AWS Asia Pacific (Hyderabad) Region. Starting this week, the startups, developers, ente...

Beijing reports increase in COVID-19 cases after first death in six months

Beijing reports increase in COVID-19 cases after first death in six months

By Nikita Chaurasia

World's most populous country, China has recently reported the fatalities of three people in Beijing as the first fatalities from coronavirus in the last six months, with the rise in recorded new cases despite following the strictest zero-COVID p...