Ivanhoe Cambridge, Mapletree to develop tech-focused workplaces

    Date:

    Share post:

    Global real estate firms Ivanhoe Cambridge and Mapletree have joined hands to develop, own and operate technology-focused workplaces in India.

    The new joint investment platform will said to have an investment capacity of more than Rs 15,403 crore. Both partners have already identified properties and projects to meet this investment objective.

    The investment strategy for the company will focus on both stabilizing and developing Grade A office assets in key economic hubs of India, which are benefiting from the exponential growth of technology-driven innovation activities anchored in global capacity centers, as well as in large national and international companies. international technology services corporations.

    Mapletree, with its global track record of developing and managing high quality Grade A assets, will lead all real estate development, project management, leasing and operations.

    Ivanhoe Cambridge will contribute knowledge and experience as an institutional investor in sectors and assets that are sustainably shaping the urban fabric in the world’s most dynamic cities.

    “We are particularly pleased to find such a great alignment with Mapletree for India, based on our values, ESG ambitions and their 15-year experience in India. This partnership continues our growth plans for the APAC region, bringing diversification to our portfolio and resilience to our returns,” reports satted George Agethen Co-Head of Asia-Pacific, Ivanhoe Cambridge, as saying.

    “There is considerable synergy in this strategic partnership as it brings together leading experience across the entire real estate value chain from two globally recognized firms. It will allow us to strengthen our presence in India and expand our portfolio in the commercial sector efficiently, which we believe has good growth potential in the coming years,” reports quoted Quek Kwang Meng, Regional Managing Director, India, Mapletree, as saying.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Related Posts

    Latest posts

    Real Estate Developers & Agents To Come Out and Register Under RERA: Anand Kumar, Chairman, NCT of Delhi RERA 

    Real Estate Developers & Agents To Come Out and Register Under RERA: Anand Kumar, Chairman, NCT of Delhi...

    Healthcare Giant Narayana Hrudayalaya Invests in Bengaluru Real Estate: Southern Market on the Rise

    Bengaluru Real Estate: Narayana Hrudayalaya, a healthcare company, recently bought a piece of land in Bengaluru for a...

    The aspiring generation driving growth of the student housing segment

    Over the past decade, India’s education system has transformed immensely. This is further accentuated by the country’s technological...

    Commercial Integration – Reshaping India’s Residential Landscape

    - by Akash Pharande, Managing Director - Pharande Spaces One important feature changing how people live and work in India's fast urbanizing terrain is the...