{"id":8834,"date":"2021-12-15T14:31:24","date_gmt":"2021-12-15T09:01:24","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-realty-godrej-fund\/"},"modified":"2021-12-15T14:59:28","modified_gmt":"2021-12-15T09:29:28","slug":"biz-realty-godrej-fund","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-realty-godrej-fund\/","title":{"rendered":"Godrej group PE arm GFM raises USD 500 mn to build premium office buildings"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-375115593\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Dec 15 (PTI) Godrej group&#8217;s real estate private equity arm Godrej Fund Management (GFM) on Wednesday said it has raised USD 500 million (Rs 3,800 crore) for development of premium office assets.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1237006933\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The company announced the final closure of its USD 500 million office development fund, GBTC II.<\/p>\n<p>&#8220;GFM will develop grade-A office assets that will be valued in excess of USD 1.5 billion (Rs 11,000 crore) on completion and the total value of the assets including those from previous funds will take the portfolio value on completion to over USD 3 billion (Rs 22,000 crore),&#8221; a company statement said.<\/p>\n<p>GFM has fully invested the previously raised capital under GBTC I and Godrej Office Fund I.<\/p><div class=\"trade-content_5\" id=\"trade-298115150\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>The PE firm has again partnered with APG Asset Management N.V. (APG) and Allianz Real Estate (Allianz) to develop office buildings in prime locations across the leading office markets in India.<\/p>\n<p>It has already invested in one development asset in Bangalore with development potential of 1.1 million square feet under this fund.<\/p>\n<p> \tWith the final close, GFM has now successfully raised three office focused funds and five overall funds.<\/p>\n<p>Karan Bolaria, Managing Director and CEO, Godrej Fund Management, said, the company has &#8220;deep conviction in investing in and developing premium office buildings in prime locations across our focus markets to responsibly achieve the best risk adjusted returns for our partners.&#8221; \tRushabh Desai, Asia-Pacific CEO of Allianz Real Estate, said the India office sector has remained resilient throughout the COVID-19 pandemic.<\/p>\n<p>&#8220;We continue to believe in the long-term fundamentals of the Indian economy supported by strong demographic trends and growing occupier demands. Our first venture with Godrej has performed well and we are excited about growing our partnership with them,&#8221; he said.<\/p>\n<p>Graeme Torre, Managing Director of APG Asset Management Asia, said the international Grade A office market in India remains a strategic focus for its portfolio in the region.<\/p><div class=\"trade-content-10\" id=\"trade-1474383805\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>GFM is the real estate private equity arm of the Godrej Group and is a wholly owned subsidiary of Godrej Investment Advisers Private Limited. It manages over USD 1.6 billion of capital across five funds. PTI MJH  MJH ANS ANS<\/p>\n<div class=\"trade-after-content\" id=\"trade-143874554\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Dec 15 (PTI) Godrej group&#8217;s real estate private equity arm Godrej Fund Management (GFM) on Wednesday said it has raised USD 500 million (Rs 3,800 crore) for development of premium office assets. The company announced the final closure of its USD 500 million office development fund, GBTC II. &#8220;GFM will develop grade-A office [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-8834","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Godrej group PE arm GFM raises USD 500 mn to build premium office buildings - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-realty-godrej-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Godrej group PE arm GFM raises USD 500 mn to build premium office buildings\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Dec 15 (PTI) Godrej group&#8217;s real estate private equity arm Godrej Fund Management (GFM) on Wednesday said it has raised USD 500 million (Rs 3,800 crore) for development of premium office assets. 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