New sunshine sector for Singapore PE firms
Singapore investors are betting big on Indian commercial real estate and other new sunshine sectors, including logistics and warehousing.
Major Singapore-based private equity firms like such as GIC, Ascendas and Xander are investing billions of dollars into the country’s real estate sector, particularly in South Indian cities.
As per a recent report around one third of the total $14.01 bn of money invested between 2015 and 2018, was pumped in by Singapore-based firms- the highest among both domestic and foreign investors.
“In fact, with their more patient and long-term outlook, Singapore-based investors and developers have gained a substantial foothold in India’s property market over the last four years,” said Shobhit Agarwal, MD & CEO – ANAROCK Capital.
In 2015and 2016, Singapore-based PE players pumped $1.15 bn into Indian real estate. This saw athree-fold jump in 2017 and 2018 – to nearly $3.5 billion. US and Canada-based PE investors come next with collective contribution of $3.8 billion PE funds in last two years.