The Business Times
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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

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Published Tue, Dec 18, 2018 · 09:50 PM

    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.

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