Ivanhoé Cambridge, a global real estate firm, and Mapletree, a leading global real estate development, investment capital and property management company committed to sustainability announced a strategic partnership to launch a new investment platform to develop, own and operate technology-sector-focused workplaces in India with an investment capacity of over CAD 2.5 billion (~SGD 2.5 billion1). Properties and projects have already been identified to meet these ambitions.
Mapletree, with a strong global track record in developing and managing high-quality Class A assets will lead all real estate development, project management, leasing, and operations. Ivanhoé Cambridge will bring its global expertise and experience as an institutional investor in sectors and assets that are shaping the urban fabric in a sustainable manner in the most dynamic cities, globally.
The investment strategy for the venture will focus on both stabilised, and development of high-quality Class A workplace assets in key economic hubs in India, which are benefiting from the exponential growth in technology led innovation activities anchored by global capability centres, as well as large domestic and international technology services corporations. The portfolio will meet industry benchmarks on sustainability credentials, aligning with Ivanhoe Cambridge’s and Mapletree’s commitments to achieve net zero operational carbon by 2040 and 2050, respectively. It is also targeting ambitious green accreditations, such as WELL certification.
You can read the full press release now at the link below