 |
 |
-
Real Estate India
-
Explore Inside Pages
-
News by Month
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
Acacia Aquires 49% Stake in IT Park
| March 4, 2008 |  (Be the first to rate this story!) Loading ... |
Acacia, a Bahrain based Real Estate Company has acquired 49 per cent stake in an IT park in Noida. The total acquisition cost was $69 million. With a projected internal rate of return of over 24pc per annum, the deal was structured to provide investors with downside protection and an average cash coupon of 8pc per annum over a three-year holding period.
The property, along the Greater Noida Expressway, consists of four newly built 100pc occupied office towers with a total gross leasable area of 461,120sq/ft. It is currently leased to such strong tenants as Oracle, Mentor Graphics, Conexant Systems and SafeNet InfoTech.
“We are proud to be able to offer our clients this unique opportunity to invest in India’s real estate market,” said Acacia executive committee board member and TAIB Bank chief executive and Vice-chairman Iqbal Mamdani.
News Published Under: Real Estate India |
|
Add to Favourite:
:
|
Related News:
