Shapoorji Pallonji sells Chennai IT park for Rs 1400cr

Sources say the deal involves the sale SP Info City to the Canadian Pension Plan Investment Board.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap Tech Control

Budget 2017

Presented By:

DAYS hours minutes

Co-Presenting Sponsor :

Associate Sponsors :

Co-Presenting Sponsor :

Associate Sponsors :

Home » News » CNBC-TV18 Comments

Jun 20, 2015, 03.39 PM | Source: CNBC-TV18

Shapoorji Pallonji sells Chennai IT park for Rs 1400cr

Sources say the deal involves the sale SP Info City to the Canadian Pension Plan Investment Board.

Like this story, share it with millions of investors on M3

Shapoorji Pallonji sells Chennai IT park for Rs 1400cr

Sources say the deal involves the sale SP Info City to the Canadian Pension Plan Investment Board.

Post Your Comments

Share Cancel

In what could be called the largest real estate deal of the year, Mumbai-based developer Shapoorji Pallonji is understood to have sold its Chennai IT park to a Canadian pension fund, reports CNBC-TV18’s Manasvi Ghelani.

Sources say the deal, valued at Rs 1,400 crore, involves the sale SP Info City to Canadian Pension Plan Investment Board. The IT park was a 50:50 joint venture between Sharpoorji Pallonji and New Vernon PE Fund, is spread across 12.5 acres and has 2.7 million square foot of office space.

When contacted, the realtor declined to comment.

Buy, Hold, Sell ? Hear it first on M3
Shapoorji Pallonji sells Chennai IT park for Rs 1400cr

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login