Mapletree buys Chennai IT office hub
2,400 crore rupee acquisition to strengthen company's presence in India and further diversify its investment property portfolio across Asia
Singapore
REAL estate developer and investor Mapletree Investments has acquired the securities of Faery Estates from SPREP, which owns a Grade A IT office development SP Infocity in Chennai.
Upon the acquisition, Singapore-based Mapletree renamed SP Infocity - a 2.7-million square foot development - to Global Infocity Park Chennai, and also unveiled a new property logo.