Xander Partnership Acquires 100% Interest In Waverock From SPREF II Pte. Ltd.

Xander Investment Management Pte. Ltd. (XIM), the private equity real estate arm of global investment firm, The Xander Group, announced that a Xander partnership has acquired a 100% interest in Waverock from SPREF II Pte. Ltd. (SPREF II). SPREF II is a collaboration between Shapoorji Pallonji Group and a reputed international institutional investor.

Waverock is an IGBC Platinum certified IT SEZ located in Hyderabad with a gross leasable area of 2.4 million square feet. Strategically located in the financial district at Gachibowli, it ranks among the premium technology campuses in India, and is fully leased to marquee MNC and Indian businesses. The asset is built to global specifications, has best-in-class amenities, and leading sustainability certifications. Well, connected to the Outer Ring Road, Waverock is surrounded by prime commercial, retail and residential catchments including top educational institutions, premium hotels and healthcare facilities.

“Waverock is a valuable addition to our existing office portfolio in India and will enable us to offer existing and new tenants, premium space in another gateway Indian city.” said Arpit Singh, Partner at XIM.

“We continue to expand our investment footprint with thoughtful, market leading assets. Our extensive, on-ground operating expertise, global tenant relationships and pan-India scale positions us well to serve India’s burgeoning economy as the nation becomes the world’s knowledge center across industries, and its workforce demands high quality infrastructure to service the global economy”, he added.