April 2008
« Mar   May »

Contact us

Lehman picks up 40 % in Peninsula Hyderabad IT Park

Global investor Lehman Brothers has picked up a 40 per cent stake in the upcoming IT park project of property developer Peninsula Land (PLL) in Hyderabad.
Lehman is expected to pump nearly Rs 50 crore into the project. PLL is expected to hold the remaining 60 per cent.
The initial cost of the project, including land, is Rs 125 crore and the development cost is nearly Rs 1,400 crore. The company is planning to fund the project through debt and draw more funds from Lehman if required, sources said.
Recently, PLL and Lehman tied up to invest in the realty projects of Peninsula. In the Rs 700-crore joint venture, Lehman invested Rs 500 crore and held a 75 per cent stake, while PLL subscribed to the remaining equity at an investment of Rs 200 crore. The Hyderabad deal was the first such investment from Lehman, sources said.
PLL is buidling a 7 million sq ft IT park on the Hyderabad property. PLL, the realty arm of the Ashok Piramal Group (APG), recently bought a 30-acre land from Tata group company Rallis India for nearly Rs 90 crore, making an entry into southern markets.
“The company has applied for permission and the project is expected to start by the end of the year and finish in the next four to five years. The company is expected either to sell the space or lease it according to market conditions,’’ sources said.
Lehman is also expected to invest in the forthcoming projects of PLL in Mumbai, Nashik, Pune and Nagpur, among others. The Lehman-PLL tie-up closely follows the floating of realty funds by Peninsula.
Peninsula Realty Fund has floated two funds — Indigo, a Rs 250-crore domestic fund, and Rs 1,400-crore Paramount offshore fund. Both the funds are expected to close in a couple of months.
PLL has raised a series of funds for its development works. It raised nearly Rs 525 crore through qualified institutional placement (QIP) with financial institutions last year and sold 5.75 lakh sq ft of office space to Alok Infrastructure for Rs 1,100 crore and sold another property in Kurla to the Essar group for Rs 1,200 crore.
In recent months, investment and private equity major Lehman Brothers has increased its exposure in the Indian real estate. It invested $200 million in K P Singh’s DLF Assets and nearly $100 million with Kishore Biyani-led Future Capital to set up five-star hotels in the country.
PLL is developing nearly 4.5 million sq ft of real estate, including residential, commercial, IT parks and special economic zones across the country.

Source: Business Standard

66 comments to Lehman picks up 40 % in Peninsula Hyderabad IT Park

  • Schwab Clever Portfolios invests in Schwab ETFs.

  • Wonderful article! This is the type of info that are supposed to be shared around the internet.
    Disgrace on Google for not positioning this publish
    higher! Come on over and seek advice from my website .
    Thanks =)

  • Pretty section of content. I just stumbled upon your
    website and in accession capital to assert that I get in fact enjoyed account your blog posts.

    Anyway I will be subscribing to your feeds and even I achievement
    you access consistently quickly.

  • If some one needs expert view on the topic of blogging and site-building after that i propose him/her
    to pay a quick visit this blog, Keep up the nice

  • This is a topic which is near to my heart… Take care!
    Where are your contact details though?

  • You really make it seem so easy together with your
    presentation but I find this topic to be actually something that I think I’d never
    understand. It kind of feels too complicated and very large for me.
    I’m having a look ahead to your next post, I will attempt to get the hold of it!

  • Your method of telling all in this paragraph is genuinely good, all can without
    difficulty know it, Thanks a lot.

  • Incredible points. Sound arguments. Keep up
    the amazing work.

  • My programmer is trying to convince me to move to .net from
    PHP. I have always disliked the idea because
    of the costs. But he’s tryiong none the less. I’ve
    been using Movable-type on a variety of websites for about a year and am anxious about switching to another platform.
    I have heard great things about blogengine.net.
    Is there a way I can import all my wordpress content into it?
    Any kind of help would be really appreciated!

  • This design is spectacular! You most certainly know how to keep a reader
    entertained. Between your wit and your videos, I was almost moved to start my own blog
    (well, almost…HaHa!) Wonderful job. I really loved what you had to say, and more than that,
    how you presented it. Too cool!

  • Hey this is kinda of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML.
    I’m starting a blog soon but have no coding expertise so I wanted to get guidance from someone with experience.
    Any help would be greatly appreciated!

  • Now I am ready to do my breakfast, afterward having my breakfast coming yet again to read further news.

  • We are a bunch of volunteers and starting a new scheme in our community.
    Your site provided us with useful info to work on. You’ve performed an impressive task and our
    entire group shall be thankful to you.

  • You really make it seem so easy with your presentation but
    I find this matter to be really something that I think I would never understand.

    It seems too complex and extremely broad for me. I am looking
    forward for your next post, I’ll try to get the hang of it!

  • I am really enjoying the theme/design of your site.
    Do you ever run into any internet browser
    compatibility issues? A number of my blog readers have complained
    about my site not working correctly in Explorer but looks great in Chrome.

    Do you have any advice to help fix this problem?

  • naturally like your web site however you have to check the
    spelling on quite a few of your posts. A number of them
    are rife with spelling problems and I in finding
    it very troublesome to inform the reality then again I’ll definitely come again again.

  • Great blog! Do you have any recommendations for aspiring writers?
    I’m planning to start my own site soon but I’m a little lost on everything.
    Would you suggest starting with a free platform
    like WordPress or go for a paid option? There are so many choices out there that I’m totally overwhelmed ..

    Any ideas? Thank you!

  • It’s really a great and helpful piece of information.
    I’m happy that you just shared this helpful information with us.
    Please keep us up to date like this. Thank you for sharing.

  • I used to be able to find good information from your
    blog articles.

  • I read this piece of writing completely on the topic
    of the resemblance of most up-to-date and previous technologies,
    it’s amazing article.

  • I know this if off topic but I’m looking into starting my own blog and was wondering what
    all is required to get setup? I’m assuming having a blog like yours would
    cost a pretty penny? I’m not very internet smart
    so I’m not 100% sure. Any recommendations or advice would be
    greatly appreciated. Cheers

  • hello!,I love your writing very a lot! percentage we be in contact extra approximately your post on AOL?
    I require a specialist on this area to resolve my problem.
    Maybe that’s you! Looking forward to see you.

  • I’m not sure exactly why but this site is loading very slow for me.
    Is anyone else having this issue or is it a issue on my end?
    I’ll check back later on and see if the problem still exists.

  • My brother suggested I might like this web site. He was totally right.
    This publish actually made my day. You cann’t consider simply how a lot time I had spent for this info!

  • Yes! Finally someone writes about ig.

  • Hello there! Quick question that’s totally off
    topic. Do you know how to make your site mobile friendly?
    My weblog looks weird when viewing from my iphone 4. I’m trying to
    find a template or plugin that might be able to correct this problem.
    If you have any suggestions, please share. Thank you!

  • If you are going for most excellent contents like me, only
    visit this web site all the time as it offers quality contents, thanks

  • I just couldn’t go away your web site prior to suggesting that I
    actually enjoyed the usual info an individual provide on your
    visitors? Is going to be back frequently to investigate
    cross-check new posts

  • Right now it sounds like Movable Type is the preferred blogging platform out there right now.
    (from what I’ve read) Is that what you are
    using on your blog?

  • Buyers do pay direct and indirect costs.

  • This is very fascinating, You’re an excessively skilled blogger.
    I have joined your rss feed and stay up for
    searching for extra of your fantastic post. Additionally,
    I have shared your site in my social networks

  • hello!,I love your writing so so much! proportion we keep up a correspondence more about your article on AOL?
    I need an expert in this space to solve my problem.

    May be that is you! Having a look forward to peer you.

  • Does your blog have a contact page? I’m having a tough time locating it but,
    I’d like to send you an e-mail. I’ve got some creative ideas for your blog you might be interested in hearing.
    Either way, great site and I look forward to seeing it expand over time.

  • First of all I would like to say superb blog! I had a quick question in which
    I’d like to ask if you do not mind. I was interested to find out how
    you center yourself and clear your head prior to writing.
    I’ve had difficulty clearing my thoughts in getting my ideas out there.
    I do take pleasure in writing however it just seems like the first
    10 to 15 minutes tend to be lost simply just trying to figure out how to begin. Any
    recommendations or hints? Kudos!

  • Having read this I believed it was rather enlightening.
    I appreciate you spending some time and energy to put this article together.
    I once again find myself personally spending
    way too much time both reading and posting comments.

    But so what, it was still worthwhile!

  • I blog quite often and I truly appreciate your information. This great article
    has really peaked my interest. I am going to bookmark your blog and keep checking for new details about
    once per week. I opted in for your Feed too.

  • Thanks in support of sharing such a pleasant opinion, article is pleasant, thats why i
    have read it fully

  • All forms of investments come with sure dangers.

  • This is true for investment recommendation as properly.

  • Very nice post. I just stumbled upon your blog and wanted to
    say that I have really enjoyed surfing around your blog posts.
    After all I will be subscribing to your rss feed and I hope
    you write again very soon!

  • I used to be recommended this blog by means of my cousin.
    I am not sure whether or not this submit is written through him
    as no one else understand such specific approximately my problem.
    You’re incredible! Thanks!

  • Everything is very open with a really clear explanation of the challenges.

    It was really informative. Your website is very useful.
    Thanks for sharing!

  • Mae

    It is appropriate time to make some plans for the long run and it is time to
    be happy. I have learn this put up and if I may just
    I wish to suggest you few fascinating things or tips.
    Perhaps you could write subsequent articles regarding this article.
    I desire to learn even more things about it!

  • Hi just wanted to give you a quick heads up and let you know a few of the pictures
    aren’t loading correctly. I’m not sure why but I think its
    a linking issue. I’ve tried it in two different web browsers
    and both show the same outcome.

  • Greetings from California! I’m bored at work so I decided to check out your blog
    on my iphone during lunch break. I love the information you present here and
    can’t wait to take a look when I get home. I’m amazed at
    how fast your blog loaded on my mobile .. I’m not even using WIFI, just 3G
    .. Anyhow, very good site!

  • Tim

    Great post. I used to be checking continuously this weblog and I’m inspired!
    Very helpful info specially the ultimate phase 🙂
    I care for such information a lot. I used to be seeking this certain info for a long time.
    Thanks and good luck.

  • I used to be able to find good advice from your
    blog posts.

  • I’m not that much of a online reader to be honest but your blogs really nice, keep it up!
    I’ll go ahead and bookmark your site to come back later.
    All the best

  • Yes! Finally something about ig.

  • I have read so many articles concerning the blogger lovers however this piece
    of writing is in fact a nice piece of writing, keep it up.

  • This post will help the internet viewers for building up new blog or even a weblog from
    start to end.

  • I believe that is among the so much significant information for me.
    And i am happy studying your article. But want to statement on some general things, The site taste
    is great, the articles is in point of fact excellent : D.
    Just right process, cheers

  • Do you mind if I quote a couple of your articles as long as
    I provide credit and sources back to your site? My blog is
    in the very same niche as yours and my users would genuinely benefit from some of the
    information you present here. Please let me know if this ok with you.
    Thanks a lot!

  • Wow that was odd. I just wrote an incredibly long comment but after
    I clicked submit my comment didn’t show up. Grrrr…
    well I’m not writing all that over again. Regardless, just wanted to say wonderful

  • This is very interesting, You are a very skilled blogger.
    I have joined your rss feed and look forward to seeking more of your
    magnificent post. Also, I’ve shared your website in my social networks!

  • Whoa! This blog looks exactly like my old one!

    It’s on a totally different subject but it has pretty much the same layout and
    design. Superb choice of colors!

  • Very good website you have here but I was curious if you knew of any user discussion forums that
    cover the same topics discussed here? I’d really love to be a part of community where I can get comments from other experienced individuals that
    share the same interest. If you have any recommendations, please let me know.

    Thanks a lot!

  • Hello Dear, are you really visiting this web page on a regular basis, if so
    then you will definitely get fastidious experience.

  • Very nice article. I definitely appreciate this site.


  • Saved as a favorite, I really like your website!

  • All forms of investments come with certain risks.

  • Hello, i read your blog from time to time and i own a
    similar one and i was just wondering if you get a lot of spam remarks?
    If so how do you protect against it, any plugin or
    anything you can recommend? I get so much lately it’s driving me crazy so any support is very much appreciated.

  • I think that what you published made a ton of sense. But,
    consider this, suppose you composed a catchier title?
    I am not suggesting your information is not solid., but suppose you
    added a title to possibly grab people’s attention?
    I mean Lehman picks up 40 % in Peninsula Hyderabad IT Park « IndiaPE.com is kinda boring.
    You ought to glance at Yahoo’s home page and watch how they write post titles
    to grab viewers to click. You might add a related video or a related pic or two to get readers interested about what
    you’ve written. Just my opinion, it could bring
    your blog a little bit more interesting.

  • It’s a pity you don’t have a donate button! I’d most certainly donate to this superb
    blog! I guess for now i’ll settle for book-marking and adding your RSS feed to my Google
    account. I look forward to fresh updates and will share this site with my Facebook group.

    Talk soon!

  • I do not even know how I ended up here, but I thought this post was good.
    I don’t know who you are but definitely you’re going to a famous blogger if you are not already 😉 Cheers!

  • If you desire to take a good deal from this post then you
    have to apply these methods to your won blog.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>