Singaporean sovereign wealth fund GIC Pte Ltd is making its first investment in New Zealand real estate by forming a joint venture with Goodman Property Trust, the pair said in a statement on Monday.
GIC will own 49 percent of the joint venture which will invest in Auckland's Viaduct Quarter. It will initially have assets worth NZ$313 million ($242.9 million), including GMT's existing property in the area.
GIC and GMT have set the venture a target to grow to NZ$500 million.
Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.
Cyril Amarchand Mangaldas has advised Adani Group's Dubai-based firm Renew Exim DMCC on its acquisition of a 46.64 percent stake in ITD Cementation India for around $380 million from Italian-Thai Development Public Company, who was represented by Khaitan & Co.
Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.