Private Equity

PE-RE Fund Investments

Ivanhoé Cambridge, Lighthouse Canton invest in MN Park's Genome Valley asset in Hyderabad

Press Release  

Ivanhoé Cambridge, a global real estate subsidiary of Canadian fund CDPQ, along with Lighthouse Canton, is to invest in MN Park's 0.85 million sq ft life science R&D office-labs portfolio in Genome Valley, Hyderabad. Lighthouse Canton is the existing asset manager of the asset. The MN Park portfolio will receive investment from Ivanhoé Cambridge and Lighthouse Canton in an 80:20 ratio. The initial focus will be on consolidating the portfolio with select value accretive acquisitions in relevant life science R&D clusters in India. The transaction also includes the completion of development on identified land options within the portfolio to cater to tenant expansion requirements. MN Park is stated to be India's largest privately owned portfolio of leased life sciences R&D office labs. It offers fully fitted lab spaces, incubation and R&D facilities, storage spaces, office spaces, large open recreational spaces, and other amenities.