Tata Realty and Infrastructure Ltd. (TRIL) and Tata Realty Initiatives Fund 1 (TRIF 1) announced on 7 March 2011 that it acquired Peepul Tree Properties Pvt. Ltd. (Peepul Tree Properties) from Kotak India Real Estate Fund I. The Peepul Tree Properties Pvt. Ltd was acquired Rs.525 crore.
Peepul Tree Properties owned an IT/ITeS Park in the Mumbai suburb, which has been fully leased to grade-A tenants such as Accenture, Tata AIG, Mphasis, BNP Paribas, Integreon and Prana Studios.
Tata Realty is focussed on long-term infrastructure projects of national significance, as well as large scale integrated developments and retail as well as commercial projects in the real estate sector.
Comments
All Comments (0)
Join the conversation