Shapoorji Pallonji and CPPIB joint venture firm to sell Chennai IT park

A joint venture (JV) company between Shapoorji Pallonji and Canada's largest pension fund manager  Canada Pension Plan Investment Board (CPPIB) is putting its information and technology (IT) park in Chennai on the block almost three years after buying it, a source said.
 
The JV company, bought SP Infocity IT Park for $220 million (Rs 13.40 billion) in mid-2015.
 
"The park is fully leased and has zero vacancy. It is one of the best performing assets in the Chennai micromarket. That is why partners are looking to sell the asset," said the source.
 
The asset is located at