Saturday, March 30, 2024
-Advertisement-
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
HomeNewsEnterprise ITSiemens on real estate assets selling spree, now sells Worli office property for Rs 610 crore

Siemens on real estate assets selling spree, now sells Worli office property for Rs 610 crore

Follow Tech Observer on Google News

As part of a strategy to liquidate its fragmented real estate assets, German engineering giant Siemens has sold its Worli office property for Rs 610 crore to Whispering Heights Real Estate Pvt Ltd.

Google News

As part of a strategy to liquidate its fragmented assets, German engineering giant has sold its Worli office property for Rs 610 crore to Whispering Heights Real Estate Pvt Ltd, a joint venture of Reco Solis Pte Ltd and K Raheja Corp Group. Earlier, company has sold some of its properties on Bangalore's arterial Mahatma Gandhi Road.

The company said in a BSE filing that it has transferred and assigned its leasehold interest in the property to Whispering Heights. Reco Solis Pte Ltd is an affiliate of GIC, Singapore. Last December Siemens had entered into a pact with Whispering Heights to sell the Mumbai property.

“Siemens Ltd and Whispering Heights Real Estate Pvt Ltd, have today executed a MoU for the transfer and assignment of the company's leasehold interest in the property located at Plot No 130, Pandurang Budhkar Marg, Worli, Mumbai — 400018 for a total consideration of Rs 610 crore in favour of the Proposed Assignee,” it had said in a regulatory filing in December.

Engineering and technology firm Siemens today said it has sold its Worli office property for Rs 610 crore to Whispering Heights Real Estate Pvt Ltd, a joint venture of Reco Solis Pte Ltd and K Raheja Corp Group.

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Sanjay Singh
Sanjay Singh
Sanjay Singh covers startups, consumer electronics and telecom for TechObserver.in
- Advertisement -
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
- Advertisement -Veeam
- Advertisement -Reimagining Public Sector Analytics
- Advertisement -ESDS SAP Hana

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

How AI power struggle opens up new frontier in global geopolitics

The far-reaching influence AI has on information processing, national security, military operations, the economy, and strategic decision-making is set to reshape the geopolitical landscape and redefine the power dynamics between nations.

RELATED ARTICLES