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Xander Group to pump Rs 2,550 cr for office space in Hyderabad

Wednesday, 10 Oct 2018
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Xander Investment Management, the private equity real estate arm of global investment firm of the Xander Group has signed a USD 350 million primary investment deal with the Phoenix Group.

The deal has been inked for development and subsequent acquisition of 4.5 million sq ft office space in Hyderabad. The buildings located in Gachibowli will be delivered in phases between 2020 and 2023 and on completion will be able to accommodate around 50,000 employees.

The company intends to expand and develop-to-core office investment strategy. With this latest investment, Xander continues its focus on Indian real estate.

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