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GIC, Ascendas set up Indian property fund

Investment target of $600m to meet rising commercial real-estate demand

Published Tue, Nov 19, 2013 · 10:00 PM
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GIC, Singapore's sovereign wealth fund, and Ascendas plan to invest as much as $600 million in Indian real estate to meet rising demand for commercial property.

The companies set up the Ascendas India Growth Programme with a target size of $600 million with GIC being the principal investor, they said in a joint statement yesterday. The fund w…

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