A Bahraini real estate firm has acquired 49 per cent stake in an information technology park in Noida at a cost of $69 million.
Acacia Real Estate, a company spearheaded by Bahrain-based TAIB Bank, has acquired 49 per cent of Logix TechnoPark located in Noida.
TAIB Bank is the exclusive placement agent for the project. The property, along the Greater Noida Expressway, consists of four newly built 100 per cent occupied office towers with a total gross leasable area of 461,120 sq-ft. It is currently leased to Oracle, Mentor Graphics, Conexant Systems and SafeNet InfoTech.
Mar
05