29.11.2012 - Temasek Holding’s realty arm eyes Shapoorji Pallonji’s IT park
Global investment house Xander Group and Mapletree, the real estate unit of Temasek Holdings, are in the fray to acquire Indian construction major Shapoorji Pallonji's business park SP Infocity, in Chennai, valued at Rs 450 crore. The Information Technology (IT) park is 27-lakh-sqft development, and the deal on the table comprises of 8-lakh sq ft of tenanted office space leased to clients like HSBC, Amazon, Saksoft, Hapag Lloyd, Lister Technologies, and Neeyamo. Private equity groups like Blackstone, Baring and GIC of Singapore have stepped up its interest in India's office buildings, especially assets in the outsourcing hubs of southern India, as a stable route to participate in the domestic real estate play...............................................Full Article: Source
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