 "Godrej Fund Management raises $200 million from APG for office segment")
Godrej Fund Management (GFM), the real estate private equity arm of the Godrej Group, on Monday said it raised $200 million from Netherlands-based APG Asset Management for its $500 million office property fund. This is the first closure for the fund.
The Godrej Group has put in $50 million into the fund called Godrej Build to Core (GBTC) II. The fund manager plans to do the second and final close by the end of the year. Asked whether GFM will raise funds from Allianz, its investor in the previous fund, Karan Bolaria, MD & CEO, GFM, said, “All options are open
