Tishman Speyer India (TSI), a part of Tishman Speyer, US, on 17 February
2010, commissioned Phase I of the Wave Rock IT SEZ project with a built-up space
of 7 lakh sq ft in Hyderabad in Andhra Pradesh. The project is a venture of the
Andhra Pradesh Industrial Infrastructure Corporation, TSI and ICICI Venture, a
private equity arm of ICICI Bank.
With the completion of the Phase I, the company is planning to begin work on
the Phase II entailing an investment of Rs 650 crore for 18 lakh sq ft of
additional office space. The proposed investment is a part of the $350 million
(approx Rs 1,610 crore)Tishman Speyer Fund created by the company for India
operations.
While Pei Cobb Freed & Partners, New York, is the architect for the project,
civil works are handled by Shapoorji Pallonji & Company.
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Project profile