Bengaluru, May 2 -- Shriram Properties and Xander Group, a global investment firm, have signed a Rs 2290 Crore deal which allows Xander acquire 100 per cent interest in Shriram's Gateway SEZ in Chennai for Rs 1250 Crore with a further commitment of Rs 1040 Crore towards expansion of the IT SEZ.
According to a release here today the deal involves 1.7 mn sq ft
of occupied and operational SEZ, and a partnership with Shriram
Properties to deliver the under construction 1.9 mn sq ft.
Shriram Gateway, is a 58-acre integrated township project
including office space, a shopping mall and residential apartments.
Shriram will continue to develop and own the residential and retail
components comprising 2.6 mn sq ft while Xander will have the