GIC acquires significant minority stake in Provenance Land

GIC, Singapore’s sovereign wealth fund, has acquired a significant minority stake in Provenance Land, the developer that first introduced the Four Seasons brand into India.

“This investment marks a key milestone for Provenance Land, as it directly bears out the intent to expand quickly and strategically into new best-in-class developments and deliver on our vision,” said Adarsh Jatia, managing director, Provenance Land. “With our Worli development, we are bringing a marque mixed-used project comprising hospitality, branded Four Seasons Private Residences and a class A office building on par with global standards, in the heart of Mumbai.”

Provenance Land owns a mixed-use development on more than four acres of prime freehold land in Worli, central Mumbai, which is situated close to all the key local business districts. The development comprises the dominant Four Seasons Hotel Mumbai, a 5-star, 34-story, 202-room luxury hotel; the Four Seasons Private Residences