Tishman Speyer eyes Indian IT park
Tishman Speyer, the global real estate investment firm, is reportedly in discussions to acquire the soon-to-be-completed IT Park in Gurgaon owned by BPTP Ltd, a New Delhi-based real estate developer, in a deal estimated at around INR400 crore ($857.4 million).
BPTP holds a 51% stake in the project, while Merrill Lynch paid INR112 crore ($240.1 million) to take 49% stake in 2007. The real estate investor was said to be looking for other partners to buy out the...
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