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Varde Partners to acquire two commercial assets in NCR

Friday, 20 Nov 2020
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US-based Varde Partners is in talks with New Vernon Capital to acquire two commercial buildings in Gurugram and Noida.

The deal is expected to be worth more than Rs 1,000 crore, with the complex at Udyog Vihar in Gurugram, Haryana costing Rs 600-700 crore. The buildings together have about one million sq ft of space, with over 90 percent of it occupied.

Varde Partners opened an office in Mumbai, Maharashtra in 2018 and has invested over USD one billion so far in India.

It recently acquired office building Lodha Excelus, in New Cuffe Parade (Mumbai) from the Lodha Group.

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