Unitech & Accenture sign pact of Rs 1,000 cr for leasing

 

Gurgaon: Realty firm Unitech Group  has inked a pact with Accenture to lease its 8 lakh sq ft of area in its Gurgaon Tech-park SEZ, the deal will yield Rs 1,000 cr to the group over 15 years. The deed was finalized last week.

Unitech, which is listed in London Stock Exchange are in discussions with the US based private equity firm Blackstone  and Singapore based wealth fund firm GIC to sell off the entire stake in the special economic zone Tech pack in Gurgaon. The price is estimated to be Rs 2,700 cr for the IT SEZ.

The renting pact with Accenture could help the realtor to get better valuation for the tech park, which has a total of 36 lakh sq.ft rented land to offer.

The leasing deed has been singed for 15 years with escalation clause in it. The space has been leased on a monthly rental basis of over Rs 60 per sq ft.

With this agreement, about 90 per cent of leasable space in the tech park has been occupied. The major portions have been occupied by Accenture, RBS, Sapient, Bank of America, and Ernst & Young.

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