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« Acacia Aquires 49% Stake in IT Park | Home | Parsvnath eyes expansion in hotel biz, to invest Rs 2500 crore »
Bahrain real estate firm acquires 49% stake in Noida IT park
| March 4, 2008 |  (Be the first to rate this story!) Loading ... |
Bahrain-based real estate firm Acacia Real Estate acquired 49% stake in Logix TechnoPark, Noida for USD 69 million.
Acacia Real Estate is a company spearheaded by Bahrain-based TAIB Bank, which is also the exclusive placement agent for the project. It has brought in the foreign direct investment to the real estate developer.
The park consists of four newly built 100% occupied office cum commercial towers with a total gross leasable area of 461,120 sq ft. /
News Published Under: Real Estate India, Noida |
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