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Sovereign Wealth Funds Briefing - Categorized | Financials

Unitech group company UCP in talks with Blackstone, GIC to sell SEZ

Posted on 21 August 2013

Unitech Corporate Parks, a Unitech group firm listed in London, is negotiating with the private equity firm Blackstone and Singapore’s sovereign wealth fund GIC to sell its IT special economic zone (SEZ) in Gurgaon for about Rs 2,700 crore.
Unitech Corporate Park (UCP), which is listed on the AIM of the London Stock Exchange, is developing an IT SEZ ‘IST Infospace Gurgaon’ with leasable area of 3.6 million sq ft. UCP holds 60 per cent in this project, while realty firm Unitech has the remaining 40 per cent stake………………………………………..Full Article: Source


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