- 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.
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.