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ADIA, QIA and GIC eyeing investment in India-based real estate developers

March 2, 2020 (Singapore)

A recent article on Deal Street Asia has reported that the Abu Dhabi Investment Authority (ADIA), Qatar Investment Authority (QIA), and Singapore-based GIC are in talks to invest approximately $400 million in Prestige Estates.  The India-based real estate developer, is said to be looking to monetise some of its retail mall and office assets before it goes for a REIT.  The article went on to suggest that GIC, which already holds approximately 9 per cent stake in Prestige, is expected to participate in the funding.

Read the original article on Deal Street Asia:  ADIA, QIA, GIC mulls investing in Prestige Estates

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