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DLF rental arm acquires One Horizon Centre building in Gurugram for ₹780 cr Premium The DCCDL exercised the first right of refusal to acquire Hines stake Hines had nearly 52 per cent stake in the One Horizon Centre while the rest was with the DCCDL Share Via Read Full Story New Delhi: Realty major DLF s rental arm DCCDL has completed the acquisition of the entire 52 per cent stake of US-based Hines in a premium commercial project in Gurugram for ₹780 crore. In December, DLF had informed that its joint venture firm DLF Cyber City Developers Ltd (DCCDL) entered into a securities purchase agreement with funds managed by Hines for acquisition of their stake in Fairleaf Real Estate, which owns and operates One Horizon Center . DCCDL has completed the acquisition of this 51.8 per cent stake at a consideration of ₹779.40 crore and consequently Fairleaf has become a wholly-owned subsidiary of DCCDL with effect from today i.e. February 18, 2021 , DLF said in a regulatory

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