GIC Invests in Ascendas India Growth Programme

In 2011, Singapore’s GIC opened up their Indian office in Mumbai. The GIC is betting some capital in India’s office sector – expanding their real estate exposure in emerging markets. Trusting local partner, Ascendas Pte Ltd, the GIC is a principal investor in the Ascendas India Growth Programme. The Ascendas India Growth Programme has a target size of S$ 600 million and will focus on Indian real estate, particularly office space. Target cities include Bangalore, Chennai, Delhi, Hyderabad, Mumbai and Pune.

Ascendas manages the Ascendas Real Estate Investment Trust, Ascendas Hospitality Trust and Ascendas India Trust.



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