Hyderabad, June 6 (UNI) GMR Hyderabad International Airport Limited (“GHIAL”) a step-down subsidiary of GMR Airports Infrastructure Limited (Previously known as GMR Infrastructure Limited) (GIL), on Tuesday announced the divestment of around 8,18,000 sqft warehouse facility located at the Hyderabad airport to ILP Core Ventures I PTE Limited, a subsidiary of Indospace Core PTE Limited, India’s largest operator of core logistics and industrial real estate vehicle.
GHIAL signed the definitive agreements and closed the transaction with ILP Core Ventures I PTE Limited at an enterprise value of INR 188.1 crore, the airport said in a release here.
This transaction is a testament to GMR Group’s capabilities in developing world-class institutional-grade real estate project assets and generating value through a successful exit.