Mumbai, June 16 (PTI) Unitech today said Lehman Brothers Real Estate Partners will acquire a 50 per cent stake in the domestic realty firms project here for USD 175 million (about Rs 740 crore).
Lehman Brothers Real Estate Partners has agreed to invest USD 175 million to acquire a 50 per cent stake in the initial phase of a project on the Western Expressway of Mumbai, Unitech said in a filing to the Bombay Stock Exchange.
The initial phase involves the development of one million square feet of office space out of the total developable area of about 18 million square feet.
More : ptinews.com
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