Singapore's GIC forges $291m JV to develop residential properties in Mexico

Rush hour in Mexico City, Mexico. Photo: Pixabay

Singapore’s sovereign wealth fund GIC has entered into an MX$5.5 billion ($291.72 million) joint venture (JV) with CCLA to develop and operate purpose-built, for-rent multi-family buildings across Mexico’s largest cities.

Established in 2015, CCLA is a JV between the CIM Group, a vertically-integrated owner and operator of real assets, and Compass Group. It primarily develops, owns, and operates multi-family residential for-rent assets, including mixed-use real estate assets in Mexico and Latin America.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter