ADIA and QIA 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 monetize 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 percent 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