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Singapore's Xander Investment acquires office park in India for US$130M

Xander Investment Management Pte. Ltd. purchased a 1.1 million-square-foot office park in Pune, India, from New Vernon Capital LLC for US$130 million, Mint (New Delhi) reported, citing a statement from the Singaporean company.

The private equity real estate arm of The Xander Group Inc. bought the Weikfield IT Citi Info Park, which is leased to tenants including Maersk, WNS, Whirlpool, Nihilent Ltd. and Tavisca Solutions Pvt. Ltd., according to the publication.

JLL India brokered the deal for the transaction, and the spokesperson for New Vernon Capital could not be reached for comment, the Aug. 1 report added.

NV Realty Pvt. Ltd. developed the Weikfield IT Citi property, which has a total area of 660,000 square feet with indoor parking space.