Unitech Sells Gurgaon IT-SEZ, Invites Global PE Funds to Bid

unitech-corporate-parksNew Delhi: A Unitech corporate parks has decided to sell its 3.6 million sq ft IT Special Economic Zone (SEZ) in Gurgaon. Unitech Corporate parks has short listed two global private equity funds for a second round of bid for SEZ’s. Short listed Private Equity funds include Sovereign Wealth fund of Singapore and Canadian Pension Fund.The company has also invited London based Xander, Blackstone from New York along with Singapore’s GIC and Canadian Pension Fund. These Private Equity funds will take part in the second round of Bids for the IT SEZ near Delhi.The first round saw bidders like Mapletree and Tishman Speyer bringing in offers between Rs 2300 crore and Rs 2700 crore. The real estate developer Unitech has 45 per cent ownership in the IT SEZ situated in Gurgaon. At current, the SEZ comprises of tenants like Accenture, Bank of America, Sapient, Ernst and Young and RBS. The deal of sale of the SEZ will be completed by August end.The Unitech developers are predicted to get about Rs 1100 crore from this deal of the SEZ. This amount will be used to reduce the dept of about Rs 5642 crore which was calculated in the March end. Unitech Corporate parks had raised around £360 million in the past by supplying its shares. The company also has six under development assets in Kolkata, Gurgaon, Noida, and Grater Noida.Numbers of PE funds have been active in the Indian Real estate and they are most active while buying completed SEZs, IT parks and Commercial office structures. The deal of the Unitech developer’s SEZ is expected to be finalized till the August-end and the final closure of the deal will be done in the year end with approvals from The Board of Approval for Special Economic Zones.займ на карту без отказов круглосуточновзять кредит онлайн

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