GFM has fully invested the previously raised capital under GBTC I and Godrej Office Fund I. The platform currently has a strong investment pipeline and aims to deploy the newly raised capital within 12 months, it said. This is the third India-focused office venture and fifth overall, sponsored by GFM.
Bolaria added, “Our group has strong conviction in India’s premium office sector and we believe the current dislocation in markets provides attractive capital deployment opportunities. The addition of this platform brings significant scale to our overall strategy and will open up strategic avenues for value maximisation.”
Graeme Torre, MD, APG Asset Management
Asia, said, “The build-to-core strategy for Indian offices aligns very well with our broader investment aspirations for our pension fund clients and our desire to invest alongside partners who offer best-in-class execution capabilities.”
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