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Ascendas acquires Aurum’s 22-storey Navi Mumbai office tower for Rs.707-Cr

Economic Times  

Singapore-headquartered CapitaLand (formerly Ascendas India Trust), part of CapitaLand Group, has acquired realty developer Aurum Ventures’ 22-storey, fully leased sustainable office tower, spread over 8.5 lakh sq ft in Navi Mumbai’s Ghansoli locality, for INR 707 crore.CapitaLand India Trust Management has acquired the multi-tenanted tower ‘Building Q2’ in Aurum Q Parc in its capacity as trustee-manager of CapitaLand India Trust, a Real Estate Investment Trust (REIT) focusing on India. In addition to the gross consideration, Aurum will be paid for incremental leasing within 12 months from the date of the acquisition.