GIC has mega plans for Indian realty
cheap moncler However, US based private equity (PE) giant Blackstone is way ahead moncler outlet uk at Rs 33,500 cheap moncler jackets crore, mainly due to aggressive investing at information technology (IT) parks and retail malls. cheap moncler
moncler outlet store cheap moncler outlet As of last year, seven per cent of GIC funds, globally, were in real estate, nine moncler outlet online per cent in PE and 17 per cent in emerging market equities. moncler outlet store
cheap moncler sale Separate India numbers are not available. An e mail to GIC did not Cheap Moncler get a response. cheap moncler sale
moncler outlet deep pockets, they have been selective in choosing a partner, a key success ingredient for them. Considering the way they are evaluating investment opportunities, GIC should be one of the largest PE investors in Indian real estate in times to come, said Shobhit Agarwal, managing director at ANB Capital Advisors. moncler outlet
cheap moncler coats Though GIC has moncler sale outlet done deals similar to peers, such as buying of stake in rental companies of property developers, it is different from the cheap moncler others in a couple of matters. cheap moncler coats
One, unlike Blackstone or Canada Brookfield, it does not have a definite exit horizon, as it has perpetual government money.
buy moncler jackets other global investors have a five to seven moncler outlet year plan to exit. GIC does not need to exit in that time frame, as it has perpetual money, said a fund manager, who did not want to be named. buy moncler jackets
cheap moncler outlet He added that it remains as a passive https://www.moncleroutletmall.com moncler sale investor; it does not run the assets. cheap moncler outlet
According to sources close to GIC, it is also unlikely to look at REITs (real estate investment trusts) in the country.
moncler outlet sale do not need to exit their investments in the near future. So, they are unlikely to float a REIT here, said the source. moncler outlet sale
cheap moncler jackets In contrast, Blackstone is looking at forming two REITs, one with the Bengaluru based Embassy group and the Pune based Panchshil Realty, to exit its investments. cheap moncler jackets
Blackstone is also selling its IT parks in Pune, which are not part of its core strategy.
moncler outlet online GIC is neck to neck with its global rivals moncler jacket sale in terms of owning commercial real estate. moncler outlet online
Based on its share of partnerships, GIC has an office portfolio of a little above 20 million sq ft. Blackstone has 38 mn and Brookfield has 24 mn sq moncler outlet sale ft.
monlcer down jackets Also, GIC has created a diverse portfolio of residential, office and retail properties. Blackstone and Brookfield have largely focused on commercial properties. monlcer down jackets
moncler mens jackets GIC has signed joint ventures with Bengaluru based Brigade and DLF to develop housing properties. moncler mens jackets
moncler sale outlet has been in the country for some time and understands all asset classes well. A diversified strategy also helps in mitigating risk, said Amit Goenka, chief executive at Mumbai based Nisus Finance Services moncler sale outlet.