Xander Investment Management, the private equity real estate arm of global investment firm The Xander Group, has acquired 100 percent interest in Weikfield IT Citi Info Park. The company has acquired the park located in Viman Nagar for USD 130 million (Rs 900 crore).
The 1.1 million sq ft commercial office park is leased out to diversified tenants like Maersk, WNS, Whirlpool, PTC, Nihilent, Tavisca, among others. The Xander Investment Management continues to expand its office footprint, through operating asset acquisitions and new development projects, leveraging its extensive on-ground operating expertise, tenant relationships and scale.
The asset complements Xander Investment Management’s existing, 100 percent owned and operated portfolio across key Indian cities, and enables it to offer a strategic Pune location to tenants.
The Singapore-headquartered Xander Investment Management firm has been actively investing in India for over 14 years, and has acquired and developed over 83 million sq ft across all real estate asset classes, including office, retail, industrial, budget and luxury hotels, warehousing, and residential condominiums and townships.
The Xander Group has committed over USD three billion to the Indian market across private, public, credit and venture investments since 2005.