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Essar completes sale of Equinox Business Parks for Rs 2,400 crore
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
Essar Group on Tuesday said the company had concluded the sale of its commercial property, Equinox Business Parks, to Brookfield Asset Management for an enterprise value of Rs 2,400 crore. The property, which is located in Mumbai’s Bandra-Kurla Complex, has leasable office space of about 1.25 million sq feet, and is spread over nearly 10 …
Continue reading “Essar completes sale of Equinox Business Parks for Rs 2,400 crore”
Essar Group on Tuesday said the company had concluded the sale of its commercial property, Equinox Business Parks, to Brookfield Asset Management for an enterprise value of Rs 2,400 crore.
The property, which is located in Mumbai’s Bandra-Kurla Complex, has leasable office space of about 1.25 million sq feet, and is spread over nearly 10 acres.
We will invest significant capital, introduce more F&B and modern amenities, and establish Equinox as a high-quality office destination,” Ankur Gupta, senior vice-president at Brookfield, said.
Companies occupying the complex include ata Communications, Experian, Crompton Greaves and Lafarge.
Essar had acquired the park between 2008 and 2012, and developed the park to include facilities including a commerce centre and a club house.
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