International law firm Ashurst advised APG Asset Management, the Dutch pension fund manager, as lead investor on the formation of a Singapore incorporated private investment fund, managed by Godrej Properties.

Godrej Fund Management (GFM), the newly-created real estate fund management arm of Godrej Properties, raised US$275 million from a small club of investors for its new residential investment platform.

The platform will invest in FDI compliant residential real estate projects in India, developed by Godrej Properties as a co-investor alongside the Singapore fund.

The Ashurst team was led by corporate (investment funds) counsel Dean Moroz, assisted by senior associates Jonathan Scott, Derek Leung and Winnie Sinn. Partner Rob Palmer advised on the disputes aspects of the transaction.