Burman GSC, a joint venture between the Burman Group, promoters of home-grown FMCG company Dabur, and real estate private equity fund Golden State Capital (GSC), has bought out Ascendas India’s 51% stake in SEZ OneHub, located in Gurgaon, in a deal valued at around Rs 300 crore.<\/p>\n
Sources told TOI that Ascendas wanted to exit the project and Burman GSC saw it as an opportunity to grow its presence in the commercial real estate space through a project where 6 lakh square feet is already completed. Now, Burman GSC plans to develop it independently.\u00a0Burman GSC and Singapore-based IT park specialist Ascendas had a 49:51 joint venture for the project, which is spread across 63 acres on Sohna Road. The buyback was funded by promoter equity.<\/p>\n
Read more: Economic Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Burman GSC, a joint venture between the Burman Group, promoters of home-grown FMCG company Dabur, and real estate private equity fund Golden State Capital (GSC), has bought out Ascendas India’s 51% stake in SEZ OneHub, located in Gurgaon, in a deal valued at around Rs 300 crore. Sources told TOI that Ascendas wanted to exit\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[126],"class_list":["post-824","post","type-post","status-publish","format-standard","hentry","category-city","category-ncr","tag-cre-deal"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=824"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/824\/revisions"}],"predecessor-version":[{"id":825,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/824\/revisions\/825"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}