16/11/16
APG is backing a residential property fund launched by Indian developer Godrej Properties.Godrej’s fund management business has raised $275m (€244m) for its Residential Investment Program II vehicle, with APG as the lead investor.
The vehicle is a follow-on to the $200m residential development platform GPL set up with an APG-led investor group in 2012.
GPL will hold a 20% stake in GRIP II.
https://realestate.ipe.com/news/fund-management/apg-backs-indian-residential-property-vehicle/10012425.article