The trust, owned by Singaporean property giant CapitaLand, has acquired an office building in Navi Mumbai for up to Rs 706 crore, marking its second purchase in the Aurum Q Parc development.
Capitaland India TrustOffice Building AcquisitionNavi MumbaiCommercial Real EstateProperty InvestmentReal EstateJul 22, 2024
The total consideration for the acquisition is up to Rs 706 crore.
The initial purchase consideration is Rs 676 crore.
The additional Rs 30 crore will be paid subject to the achievement of business milestones by Aurum Ventures.
The office building is located in Navi Mumbai.
This acquisition marks the trust's second purchase in the Aurum Q Parc development and expands its presence in the Indian commercial real estate market.
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