US$150 million subscription of interests by Allianz Real Estate in an Indian office development platform

A&G News 26 August 2019

Allen & Gledhill advised Allianz Real Estate GmbH Asia Pacific Branch (“Allianz”), as transaction counsel, on its US$150 million subscription of interests in GBTC I LP (“GBTC”), a closed-end office development platform managed by the Godrej Group, one of the leading business houses in India. The investment is part of Allianz’s strategy to invest in fast growing markets such as China and India. The platform targets the development of premium Grade-A offices in tier one cities in India.

Advising Allianz were Allen & Gledhill Partners Richard Young and Ko Xiaozheng.

Advising Allianz on funds issues was Allen & Gledhill Partner Danny Tan.

Advising Allianz on tax issues was Allen & Gledhill Partner Sunit Chhabra.