17.11.2011 - Temasek arm Mapletree India China acquires Bangalore tech park
Mapletree India China, a wholly-owned subsidiary of Temasek Holdings of Singapore, has acquired 100% stake in a Bangalore technology park for Rs 800 crore. This is the largest private equity deal in the city's real estate sector in three years. The international fund, which invests in real estate firms, has completely bought out the promoters of Assetz Global Technology Park (AGTP), at least three people with direct knowledge of the deal told ET. The project is a joint venture between development and marketing firm Assetz Property Group and Delhi-based investor Mithilesh Tripathy............................................Full Article: Source
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