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Xander strikes two realty deals worth Rs 3,000 crore

First deal is where it bought an SEZ in Chennai and second one is a mall acquisition in Chandigarh

Raghavendra Kamath  |  Mumbai 

Private equity group Xander has signed two big property deals in the country worth Rs 3,000 crore. In one of the largest private equity deals in real estate in recent years, Xander bought a functioning special economic zone in Chennai for Rs 2,290 crore from Shriram Properties. The deal involves buying a 100 per cent stake in Gateway SEZ for Rs 1,250 crore and a Rs 1,040 crore investment in the project, according to Xander. The deal involves 1.7 million sq ft of occupied and operational SEZ and a partnership with Shriram to deliver another 1.9 million sq ft under ...


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First Published: Wed, May 03 2017. 01:45 IST