Xander Investment Management Pte. Ltd. (XIM), the personal fairness actual property arm of funding agency, The Xander Group mentioned certainly one of its partnership has acquired a 100% curiosity in Waverock from SPREF II Pte. Ltd. (SPREF II). The deal is estimated at ₹2,000 crore, folks acquainted with the transaction mentioned.
SPREF II is a collaboration between Shapoorji Pallonji Group and an unnamed worldwide institutional investor.
Waverock is an IGBC Platinum licensed IT SEZ situated in Hyderabad with a gross leasable space of two.4 million sq. toes.
“Waverock is a valuable addition to our existing office portfolio in India and will enable us to offer existing and new tenants, premium space in another gateway Indian city.” mentioned Arpit Singh, Partner at XIM in a press release.
“We continue to expand our investment footprint with thoughtful, market leading assets. Our extensive, on-ground operating expertise, global tenant relationships and pan-India scale positions us well to serve India’s burgeoning economy as the nation becomes the world’s knowledge center across industries, and its workforce demands high quality infrastructure to service the global economy”, he added.
