DLF Cyber City Developers (DCCDL), the rental arm of DLF, late on Friday introduced that it has entered right into a securities buy settlement with funds managed by Hines to acquire their stake in Fairleaf Real Estate, which owns and operates the One Horizon Center. DCCDL holds 48.2% stake in Fairleaf Real Estate. “DCCDL has entered into a securities purchase agreement with Hines to acquire its 51.8% stake in Fairleaf for a purchase consideration of approximately Rs 780 crore, subject to closing adjustments. The transaction is expected to be consummated in…
DCCDL to acquire Hines stake in One Horizon for Rs 780 crore
