Premium Deal DLF rental unit buys US partner’s stake in a project in Gurugram, a deal worth Rs 780 crore

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  • DCF, a JV company of DLF and Singapore-based GIC, has tied up with its managed funds to buy Hynes’ stake in Fairleaf Real Estate.
  • Fairleaf Real Estate owns the ‘One Horizon Center’, has an expensive 8,13,000 square feet A grade office and complementary retail space

DLF Cyber ​​City Developers Limited (DCCDL), the rental unit of the country’s realty firm DLF, is buying its entire US partner Hynes’ entire stake in a premium commercial project in Gurugram for Rs 780 crore. DCCDL, a joint venture between DLF and Singapore’s Sovereign Weld Fund GIC, has tied up with its managed funds to buy Hynes’ stake in Fairleaf Real Estate.

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Hynes holds 52% in One Horizon Center, rest with DCCDL

Fairleaf Real Estate owns and operates the ‘One Horizon Center’. The One Horizon Center has about 8,13,000 square feet of expensive A grade office space and complementary retail space. 

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