trending Market Intelligence /marketintelligence/en/news-insights/trending/5VSOrYXFtJENaNrj53gjUw2 content esgSubNav
In This List

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

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


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.