DLF leases 3 lakh sq ft office space in Gurgaon
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The office space leasing in Delhi-NCR witnessed a net absorption increase of 5% quarter-on-quarter in January-March, with 1.07 million sq ft, according to a report by international property consultant JLL.
Agencies
The office space leasing in Delhi-NCR witnessed a net absorption increase of 5% quarter-on-quarter in January-March, with 1.07 million sq ft, according to a report by international property consultant JLL.
Real estate firm
DLF has leased nearly 300,000 sq ft office space to three companies in Gurgaon at a time when the Covid-19 pandemic has slowed down commercial deals, said two people aware of the development.
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The realty major on Thursday announced that its material subsidiary DLF Cyber City Developers (DCCDL) has completed the acquisition of 51.8% stake in Fairleaf Real Estate for Rs 779.40 crore.Consequently, Fairleaf has become a wholly owned subsidiary of DCCDL.
DCCDL had in December 2020 entered into a securities purchase agreement with funds managed by Hines for acquisition of their stake in Fairleaf, which owns and operates One Horizon Centre, Gurugram.
One Horizon Centre is an asset forming part of a larger mixed-use development located in DLF 5, Gurugram. The leasable area of the property is approximately 8,13,000 square feet offering high-end Grade A office spaces along with complementary retail space.