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.
In the first big M&A deal in India this year, leading firm Cyril Amarchand Mangaldas has guided FMCG major Hindustan Unilever (HUL) on its acquisition of 90.5 percent stake in Jaipur-based skincare startup Minimalist for close to $350 million (29.5 billion rupees).
Akin Gump Strauss Hauer & Feld, Quillon Partners, and Kelley Drye & Warren have advised Indian private equity firm Kedaara Capital on its maiden bet in the data analytics and AI solutions market, committing $350 million strategic investment to San Jose, California-based Impetus Technologies.
Indian law firm Shardul Amarchand Mangaldas & Co has been mandated to assist Hexaware Technologies, an AI-focused tech company backed by Carlyle Group, on its upcoming initial public offering (IPO) in India, which is expected to raise $1.2 billion.