GIC, Singapore’s sovereign wealth fund, and The Phoenix Mills have entered into a strategic partnership to establish an funding platform for retail‐led combined‐use property in India. This platform will seek to broaden, personal, and function retail‐led, combined‐use tendencies in India.
GIC will collect a significant minority stake in a US$733 million portfolio of retail‐led blended‐use traits, positioned within the top intake centres of Mumbai and Pune. These property, totalling 3.Four million sq.Ft of leasable retail and workplace area, are currently among PML’s most top and nicely‐performing operational property.
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