K Raheja Corp-GIC buys 3-acre Land Parcel in Worli for Rs 610 Crore
September 26, 2017
MUMBAI: GlMUMBAI: Realty developer K Raheja Corp and Singapore’s sovereign wealth fund GIC have acquired a prime three-acre land parcel in Worli in Mumbai from Siemens for Rs 610 crore.
Siemens on Monday transferred and assigned its leasehold interest in this property to Whispering Heights Real Estate, a joint venture entity of Reco Solis an affiliate of GIC, Singapore and the K. Raheja Corp Group for a total consideration of Rs. 610 Crore, the company said in a regulatory filing on the Bombay Stock Exchange.
Source : freepik.com
ET was first to report the proposed transaction on December 12.
Last year, the company had signed a Memorandum of Understanding (MoU) with K Raheja Corp Group and GIC to transfer its leasehold interest in the property.
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Source: economictimes.indiatimes.com