Latest News | CapitaLand India Trust Completes Acquisition of Office Bldg Worth Rs 676 Cr in Navi Mumbai

New Delhi, Jul 22 (PTI) CapitaLand India Trust (CLINT) on Monday said it has completed the acquisition of an office building in Navi Mumbai from Aurum Ventures for Rs 676 crore.

In a statement, CLINT said it has "completed the acquisition of 'Building Q2', a 0.82 million sq ft multi-tenanted IT Non-SEZ office building at Aurum Q Parc business park in Navi Mumbai, India, for a purchase consideration of approximately Rs 6.76 billion (Rs 676 crore)".

Also Read | Kamala Harris Could Be the First Woman To Become US President; From Victoria Woodhull to Hillary Clinton, List of Women Leaders Who Came Close or Ran for Presidency.

Additionally, a sum of Rs 30 crore is expected to be paid as deferred consideration, subject to the achievement of pre-agreed business milestones by Aurum Ventures Private Limited.

The building is fully leased to reputed Indian and multinational companies.

Also Read | How To Confirm Dengue Infection?.

This building is the second of two buildings that CLINT has acquired through a forward purchase agreement with Aurum Ventures, which was announced in May 2018.

The acquisition of Building Q1, an IT SEZ building, was completed in November 2021 and has a committed occupancy of 94 per cent.

"Collectively, Building Q1 and Building Q2 add a total of 1.47 million sq ft to CLINT's portfolio," the statement said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)