Godrej Fund Management announces the First Close of its new USD 500 million (~INR 3,700 crore) office development platform

- The Company has held the First Close of USD 250 million for its new office platform that will develop Class-A office assets across IndiaA SINGAPORE, Jan. 18, 2021 /PRNewswire/ -- Godrej Fund Management ("GFM"), the real estate private equity arm of the Godrej Group, announces the First Close of its USD 500 million office development platform, GBTC II in partnership with Netherlands based APG Asset Management N.V. ("APG"), the cornerstone investor in the platform.A Under this program, GFM will have the ability to develop Class-A office assets that will be valued in excess of USD 1.5 billion (~INR 11,000 crore) on completion and the total value of office assets including those from previous funds will take the portfolio value on completion to over USD 3 billion (~INR 22,000 crore). GFM has fully invested the previously raised capital under GBTC I and Godrej Office Fund I.A A 
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