NEW DELHI: Unitech Corporate Parks (UCP), a Unitech group firm listed in London, plans to sell its IT special economic zone (SEZ) in Gurgaon comprising around 3.5 million sq ft of office space for about Rs 2,800 crore.
UCP — listed on the London's Alternative Investment Market (AIM) and formed to invest in commercial real estate in India — has 60% stake in the Gurgaon SEZ. Unitech has the remaining stake in the SEZ.
According to sources, UCP is looking to sell the Gurgaon SEZ and has given the mandate to property consultant Jones Lang LaSalle (JLL) India to find out potential buyers. JLL India has started the process to sell this asset by initiating informal discussions with probable buyers, sources said, adding that formal bids could be called by the end of this month. The valuation of the deal is expected to be around Rs 2,800 crore, sources said.
UCP — listed on the London's Alternative Investment Market (AIM) and formed to invest in commercial real estate in India — has 60% stake in the Gurgaon SEZ. Unitech has the remaining stake in the SEZ.
According to sources, UCP is looking to sell the Gurgaon SEZ and has given the mandate to property consultant Jones Lang LaSalle (JLL) India to find out potential buyers. JLL India has started the process to sell this asset by initiating informal discussions with probable buyers, sources said, adding that formal bids could be called by the end of this month. The valuation of the deal is expected to be around Rs 2,800 crore, sources said.
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