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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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The rebranding of SP Infocity to Global Infocity Park Chennai better reflects the global nature of Mapletree's tenant base, said Quek Kwang Meng, Mapletree's regional CEO.

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...

sentifi.com

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