Tag Archive for fund

Godrej Fund Management enters the commercial real estate private equity space

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Godrej Fund Management (“GFM”), the real estate private equity arm of the Godrej Group, announces a first close of its US $450 million office development fund and a first close of its US $150 million office investment fund. Jointly the funds can invest/develop office assets worth over US $1 billion in value.

With this development, the assets under management for GFM, which is also managing two existing residential investment funds, has crossed the US $1 billion mark within one year of it being spun out as a separate business.  The two new funds that have been raised are: Godrej Build to Core – I (“GBTC-I”), a US $450 million ‘club style’ office investment platform that will invest in developing world class, Grade-A office buildings in leading locations across the key office markets of India. APG Asset Management N.V. (“APG”), which has invested in previous funds managed by GFM, will be the cornerstone investor for GBTC-I. The other newly raised fund is Godrej Office Fund- I (GOF-I), a US $150 million discretionary blind pool fund that will invest in core and core-plus office and commercial properties across India. Read more

Godrej Properties and Godrej Fund Management announce a partnership for Godrej Two, a commercial building at The Trees, Mumbai

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By  Vivek K.  Mobile: 09920183006  Email:indianshowbusiness@gmail.com

Mr Pirojsha Godrej Executive Chairman Godrej Properties Ltd

Godrej Properties Ltd. (GPL) (BSE scrip id: GODREJPRP), one of India’s leading real estate developers, announced that it has diluted part of its holding in the entity which is developing Godrej Two, the under construction Grade A commercial building located at The Trees in Vikhroli, Mumbai. Godrej Properties has entered into a deal with Godrej Fund Management (GFM) for a 50% stake in Godrej Two. Read more

Randeep Hooda To Support Firefighters Fund For SFL

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Bollywood actor Randeep Hooda who happens to be the co-owner of SFL team Haryana Sultans will be lending support to the Fire Fighters Welfare Fund of Maharashtra, ahead of the second season of MTV  Super Fight League. 

The actor grabbed headlines when he was appointed as the face of the city’s fire brigade in 2016 for being the very first celebrity roped in to campaign for the Mumbai Fire Brigade in 127 years.

 

Randeep Hooda states, “It’s a matter of honour to contribute constructively to these real-life heroes, who risk their lives every other day in order to save ours. I’m always doing my bit for the families of the Martyrs. This is my way of giving back to society and creating more ground level awareness for these heroes. This association will be used to promote general welfare of the fire services personnel & their families.” Read more