Ascendas-Singbridge and GIC acquire 16-acre site in Kharadi, Pune
ASCENDAS-Singbridge Group and GIC, Singapore's sovereign wealth fund, have acquired a 16-acre (about 6.5 hectares) land parcel in Pune, India from the Kohinoor Group.
"This latest acquisition under the AIGP is in line with plans by Ascendas-Singbridge and GIC to grow their portfolio and deepen their presence in India,'' the two said in a joint release on Wednesday.
GIC is a principal investor along with Ascendas-Singbridge in AIGP, or Ascendas India Growth Programme. The latter was established in 2013, and has a target asset size of S$600 million. Its first investment was in the International Tech Park Gurgaon.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea government offers first compromise to end doctors' strike
Japanese AI tool predicts when recruits will quit jobs
India votes in gigantic election dominated by jobs, Hindu pride and Modi
Britain’s retail sales disappoint in sign of lacklustre recovery
Explosions in Iran, US media reports Israeli strikes
US veto sinks Palestinian UN membership bid in Security Council