DLFs newly appointed chief executive, Ashok Tyagi, said the rental portfolio would be ready to be listed as a real estate investment trust (REIT) in the next four quarters, and that the decision on the REITs listing would be made by DLF and its partner in DCCDL, Singapore sovereign fund GIC, based on the market situation.
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.
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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.
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.
DLF Cyber City Developers raises Rs 2,500 crore in two LRDs indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
DLF rental arm acquires One Horizon Centre building in Gurugram for ₹780 cr
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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
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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
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.