Khaitan, Bharucha lead on Ascendas acquisition of two office buildings in Navi Mumbai
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Khaitan, Bharucha lead on Ascendas acquisition of two office buildings in Navi Mumbai

Bar & Bench

Singapore-based investor Ascendas-Singbridge Group has agreed to buy two upcoming office buildings totaling 1.4 million sq. ft in Navi Mumbai’s Aurum Platz IT Park for around Rs. 930 crore.

Ascendas India Trust has entered into a so-called forward purchase agreement with Navi Mumbai-based builder Aurum Ventures to buy the two assets, reported Mint.

Khaitan & Co advised Ascendas and the team was led by Partner Abhishek Sinha along with Principal Associate  Tanushree Bhuwalka, Senior Associate Nidhi Modani and Associates Aman Dwivedi, Nishant Prasad and Shailesh Singh.

Indirect tax aspects: Executive Director Dinesh Agarwal, Senior Associate Mayank Jain, and Associate Parin Masalia.

Real estate aspects: Partner Abhishek Sharma, Principal AssociateAbhiraj Gandhi, and Senior Associate Amruta Joshi.

Banking aspects: Partner Manisha Shroff and Senior Associate Krishnendu Sen.

Bharucha & Partners acted for Aurum Ventures and the team was led by Partner Alka Bharucha.

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