GIC Takes Over Phoenix Aquilla in Hyderabad

Posted on 05/18/2023

Singapore’s GIC Private Limited acquired a 1.1 million square foot information technology-special economic zone (IT-SEZ) in Hyderabad’s Gachibowli area from the Phoenix Group for Rs 1,050 crore. The entire development is known as Phoenix Aquilla. The development consists of two towers spanning 1.8 million square feet. The first tower covers 700,000 square feet and has…

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