DLF's rental arm acquires Hines' 51.8% stake in Fairleaf
Fairleaf was a joint venture company between DLF and funds managed by Hines which owned and operated One Horizon Centre in Gurugram.
BusinessToday.In | February 18, 2021 | Updated 21:53 IST
In December, DLF had said that DCCDL had entered into a securities purchase agreement with funds managed by Hines to acquire their 51.8 per cent stake in Fairleaf.
Real estate developer DLF on Thursday said its rental arm DLF Cyber City Developers Limited (DCCDL) has acquired 51.8 per cent stake from Hines in Fairleaf Real Estate Private Limited.
Fairleaf was a joint venture company between DLF and funds managed by Hines, a global real estate investment, development and management firm, which owned and operated One Horizon Centre in Gurugram.