Baker McKenzie Wong & Leow advises Godrej Fund Management on closing of USD 500 million real estate fund GBTC II

Baker McKenzie Wong & Leow has advised Godrej Fund Management (GFM) on the formation and final closing of the USD500 million GBTC II, which is GFM's second build-to-core, office-focused fund that will invest in the development of premium office buildings across India's key office markets. We had previously advised GFM on the formation of GBTC I in August 2019. GFM is the real estate private equity arm of the Godrej Group.

The team at Baker McKenzie Wong & Leow was led by Principal Derek Kwan, who was supported by Senior Associate Jens Carle.

"We are delighted to have worked with GFM again on its latest fund - GBTC II - which is the continuation of GFM's successful GBTC I. GFM has established itself as a leading fund manager in India's real estate sector and we are proud to continue supporting their expansion that, despite the pandemic, continues to attract some of the largest institutional investors to India's premium office real estate market," said Derek.

The Firm has been a long-time fund counsel to GFM since their Singapore arm was established in 2016, and had advised GFM on the formation and successful closings of its prior funds including GBTC I, GOF I and GRIP II.