GIC, ESR launch $600m logistics JV in India

GIC, ESR launch $600m logistics JV in India

ESR Nagpur Logistics Park is ESR largest logistics park in India

Singapore’s sovereign wealth fund GIC and pan-Asian logistics juggernaut ESR have inked a $600-million joint venture to acquire income-producing industrial and logistics properties in India, as sheds are expected to outperform other asset classes in the medium term.