October 5, 2022


Technology Forever

Electronic.com Names Best Bookkeeping Service Corporations of 2021

– The Corporation has held the Very first Near of USD 250 million for its new place of work platform that will build Class-A office environment property across India 

SINGAPORE, Jan. 18, 2021 /PRNewswire/ — Godrej Fund Management (“GFM”), the actual estate private equity arm of the Godrej Team, announces the Initially Close of its USD 500 million office environment improvement platform, GBTC II in partnership with Netherlands dependent APG Asset Management N.V. (“APG”), the cornerstone trader in the platform. 

Less than this software, GFM will have the means to develop Course-A workplace property that will be valued in excess of USD 1.5 billion (~INR 11,000 crore) on completion and the complete benefit of workplace belongings including these from former funds will get the portfolio price on completion to about USD 3 billion (~INR 22,000 crore). GFM has entirely invested the beforehand lifted funds under GBTC I and Godrej Business office Fund I.  

GBTC is a ‘club-style’ business office expense method that invests in producing world course office properties in key locations throughout the major place of work markets in India. The system at the moment has a strong expense pipeline and aims to deploy the newly elevated cash inside 12 months.  

This is the 3rd India concentrated business undertaking and 5th overall, sponsored by GFM.

Mr. Karan Bolaria, Handling Director & CEO, Godrej Fund Administration, reported, “We are delighted to spouse with APG on our next build to main system. Our Team has solid conviction in India’s high quality business office sector and we consider the latest dislocation in markets supplies desirable money deployment opportunities. The addition of this platform provides substantial scale to our total technique and will open up strategic avenues for worth maximization in the future.” 

Mr. Graeme Torre, Controlling Director, APG Asset Management Asia, mentioned, “We are wanting ahead to another effective partnership with Godrej. The establish-to-core strategy for Indian places of work aligns very nicely with our broader expense aspirations for our pension fund purchasers and our need to invest alongside companions who offer you ideal-in-course execution capabilities.” 

About Godrej Fund Management 

Godrej Fund Management, dependent in Singapore, is the serious estate personal equity arm of the Godrej Group. GFM delivers the Godrej Group’s philosophy of very good governance, innovation, sustainability and excellence to the authentic estate non-public equity room. It seeks to supply solid threat adjusted returns to its companions by means of the strategic mix of earth class investment administration and advancement administration capabilities. 

About APG

Just about every working day APG is busy with anything that currently fears thousands and thousands of Dutch people and a single day will issue thousands and thousands a lot more: pensions. APG strives to present a good pension in a livable planet for all contributors, companies and pension cash. Jointly we do the job on a sustainable potential in which we do not only seem at prosperity, but also at properly-being. Because pensions are about people, daily life and how we stay jointly. So that we, our dad and mom, and our youngsters can get pleasure from a fantastic revenue. Right now, tomorrow, and beyond.

As the greatest pension service provider in the Netherlands APG appears to be like after the pensions of 4.7 million members. APG presents executive consultancy, asset administration, pension administration, pension communication and employer solutions. We get the job done for pension cash and businesses in the sectors of instruction, government, design, cleansing, housing associations, sheltered work corporations, health care professionals, and architects. APG manages about €560 billion (November 2020) in pension belongings. With approximately 3,000 personnel we get the job done from Heerlen, Amsterdam, Brussels, New York, Hong Kong, Shanghai and Beijing.