Indiabulls Asset Management Company's private equity arm has acquired an entire commercial building with fully leased 2.35 lakh sq ft office space on NH-8 in Gurgaon for about Rs 200cr from the US-based realty developer Hines India.
To formulate this deal, Indiabulls and co-investor InterGlobe Real Estate Ventures Pvt. Ltd (IGR), the real estate arm of InterGlobe Enterprises Pvt. Ltd have entered into a partnership.
AZB & Partners with a team led by Partners Ashwath Rau, Rohit Bajaj and Ami Parikh along with Counsel Prerak Ved and Senior Associate Raina Upadhyay advised Indiabulls.
Acted for Hines India was acted upon by Shardul Amarchand Mangaldas with a team led by Partner Jatin Aneja.
Khaitan & Co led by Partner Bharat Anand advised Interglobe.
“This is our first investment in the commercial office space and we are extremely keen and focused on this space and plan to conclude more such deals over the next six months,” said Ambar Maheshwari, CEO(private equity), Indiabulls AMC.
A bench of Acting Chief Justice Gita Mittal and Justice C Hari Shankar in the Delhi High Court observed that the national capital can turn into a dese...
Read More
China said that the United States should respect international trade rules and improve cooperation and dialogue in response to two new orders by U.S. ...
Read More
The Election Commission (EC) of India had filed an affidavit in the Supreme Court on a 2016 public interest litigation (PIL) filed by Bharatiya Janata...
Read More
