Mapletree India China (MIC), a wholly owned subsidiary of Temasek Holdings of Singapore, has acquired stake in a Bangalore technology park.
The company has acquired 100 per cent stake in the Assetz Global Technology Park (AGTP) in Bangalore for Rs 800 crore. MIC has completely bought out the promoters of AGTP. The project is a JV between Assetz Property Group and Delhi based investor Mithilesh Tripathy.
The park project is an integrated mixed-use development, which has a developable area of 15 acre. As of October 2011, five lakh sq ft of developable area within the business park was operational, leased to LSI Logic, an infotech firm.