[ad_1]
Global real estate firm Ivanhoe Cambridge and maple treeThe property development, investment capital and asset management company has formed a strategic partnership to develop, own and operate technology-sector-focused workplaces in India.
The new joint investment platform will have an investment potential of over Rs 15,403 crore (Canadian $2.5 billion). Both the partners have already identified properties and projects to meet this investment objective.
“We are especially pleased to find such great alignment with Mapletree for India based on our values, ESG ambitions and their 15 years of experience in India. This partnership continues our growth plans for the APAC region, our Diversifies the portfolio and adds flexibility to our returns.” george agathenCo-Head Asia-Pacific, Ivanhoe Cambridge.
The investment strategy for the enterprise will focus on the development of both stable and Grade A office properties in key economic centers in India, benefiting from the exponential growth in global competence centers as well as large domestic and technology-based innovation activities. Are. International Technology Services Corporation.
“There is immense synergy in this strategic partnership as it brings together leading expertise across the real estate value chain from two globally recognized firms. This will help us strengthen our presence in India and expand our portfolio commercial sector efficiently, which we believe has good potential for growth in the coming years.” que kwang mengRegional Chief Executive Officer, India, Mapletree.
Mapletree, with its global track record in the development and management of high quality Grade A properties, will lead all real estate development, project management, leasing and operations.
Ivanhoe Cambridge will bring its expertise and experience as an institutional investor in sectors and properties that are sustainably shaping the urban fabric of some of the most dynamic cities globally.
The platform’s investment portfolio will meet industry benchmarks on sustainability credentials, aligning with Ivanhoe Cambridge and Mapletree’s commitments to achieve net zero operational carbon by 2040 and 2050, respectively.
This partnership allows both Ivanhoe Cambridge and Mapletree to strengthen their presence in India’s knowledge, technology and innovation workplace sector, supported by long-term fundamentals and a high-quality talent pool.
Against the backdrop of ongoing policy overhaul, growing investor confidence, enhanced transparency and a sustained rise in demand for Grade A commercial office space, experts believe that the investment momentum in the Indian real estate sector will continue to pick up.
Ivanhoe Cambridge and Mapletree partner to invest Appetite for Indian real estate assets among global institutional investors remains strong.
Apart from large and established domestic investors, global funds such as Blackstone Group, Brookfield Asset Management, GIC, Xander, Ascendas, CPPIB, Warburg Pincus and Goldman Sachs are expanding their investments in the sector.
[ad_2]
Source link