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GIC, ESR Cayman form $750-million joint venture to invest in logistics

The JV will be seeded with a 2.2 million sq ft build-to-core asset, located in close proximity to the large consumption hubs of Mumbai and Thane

Topics
GIC | joint ventures in India | logistics

Raghavendra Kamath  |  Mumbai 



Concor, warehouse, logistics, distributor
Banking on the growth of e-commerce and implementation of the goods and services tax regime, several investors such as Canada Pension Plan Investment Board

Singapore’s sovereign wealth fund and Hong Kong’s developer ESR Cayman on Tuesday said they have formed a $750-million (around Rs 5,500 crore) joint venture (JV) to develop and acquire industrial and assets in the country.

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First Published: Tue, December 22 2020. 22:53 IST

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