{"id":3061,"date":"2018-12-11T09:26:00","date_gmt":"2018-12-11T09:26:00","guid":{"rendered":"urn:uuid:d9573fe4-1ba8-4fb4-9b5a-7bfad039b093"},"modified":"2025-02-18T08:40:37","modified_gmt":"2025-02-18T08:40:37","slug":"mapletree-acquires-sp-infocity-park-and-renames-as-global-infocity-park-chennai","status":"publish","type":"newsroom","link":"https:\/\/www.mapletree.com.sg\/cn\/newsroom\/mapletree-acquires-sp-infocity-park-and-renames-as-global-infocity-park-chennai\/","title":{"rendered":"Mapletree acquires SP Infocity Park and renames as Global Infocity Park Chennai"},"content":{"rendered":"\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<ul class=\"wp-block-list\">\n<li style=\"font-style:italic;font-weight:400\">Grade A IT office development offering close to 2.7 million square feet of leasable space spread across three towers<\/li>\n\n\n\n<li style=\"font-style:italic;font-weight:400\">Conveniently located on Old Mahabalipuram Road (\u201cOMR\u201d) which is one of the largest office precincts for IT tenants in India<\/li>\n\n\n\n<li style=\"font-style:italic;font-weight:400\">Strong leasing interest with current occupancy of 99%<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><strong>SINGAPORE<\/strong>&nbsp;\u2013 Further expanding its presence in India, Mapletree Investments Pte Ltd (\u201cMapletree\u201d or \u201cthe Group\u201d) has acquired the securities of Faery Estates Private Limited from SPREP Pte. Ltd., which owns a Grade A IT office development SP Infocity in Chennai, India.<\/p>\n\n\n\n<p>Upon acquisition, the Group renamed SP Infocity to Global Infocity Park Chennai (\u201cGlobal Infocity\u201d) and unveiled a new property logo. This transaction is the largest acquisition made by Mapletree in India to date.<\/p>\n\n\n\n<p>Mr Hiew Yoon Khong, Mapletree\u2019s Group Chief Executive Officer, said: \u201cOur latest acquisition in India, one of the world\u2019s fastest growing economies, will strengthen our presence in this market, and further diversifies our investment property portfolio across Asia. As a leading real estate developer, investor, and capital and property manager, we are glad to have seized the opportunity to add this quality, income-yielding property to deliver strong earnings and returns.\u201d<\/p>\n\n\n\n<p>In addition, Global Infocity is located along OMR before the toll plaza, which has evolved to become one of India\u2019s prime IT corridors. The property enjoys close proximity to the city centre, established transport nodes and social infrastructure.<\/p>\n\n\n\n<p>Commenting on the acquisition, Mr Quek Kwang Meng, Mapletree\u2019s Regional Chief Executive Officer, India, said: \u201cWith a Weighted Average Lease Expiry (\u201cWALE\u201d) of approximately 5.7 years, we are excited by the acquisition of this stable asset. The rebranding to Global Infocity Park Chennai better reflects the global nature of our tenant base, which includes financial institutions and consulting and technology firms.\u201d<\/p>\n\n\n\n<p>Mapletree acquired its first asset in India, Global Technology Park (\u201cGTP\u201d), a 5.3 hectare IT park in Bangalore in October 2011. Spanning five office towers, and developed across two phases, GTP was completed in October 2017.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><strong>Photographs of Global Infocity<\/strong>&nbsp;(high-res versions available for download&nbsp;<a href=\"https:\/\/www.dropbox.com\/sh\/dhi6q7xx7m7uxa2\/AAA41uS9UCC6wSYhRfMoceqqa?dl=0\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>)<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"337\" height=\"450\" src=\"https:\/\/www.mapletree.com.sg\/tachyon\/2024\/12\/Global-Infocity-1.jpg\" alt=\"\" class=\"wp-image-3063\" srcset=\"https:\/\/www.mapletree.com.sg\/tachyon\/sites\/10\/2024\/12\/Global-Infocity-1.jpg?resize=337%2C450&amp;zoom=1 337w, https:\/\/www.mapletree.com.sg\/tachyon\/sites\/10\/2024\/12\/Global-Infocity-1.jpg?resize=337%2C450&amp;zoom=0.5 169w, https:\/\/www.mapletree.com.sg\/tachyon\/sites\/10\/2024\/12\/Global-Infocity-1.jpg?resize=337%2C450&amp;zoom=0.25 84w\" sizes=\"auto, (max-width: 337px) 100vw, 337px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"450\" height=\"419\" src=\"https:\/\/www.mapletree.com.sg\/tachyon\/2024\/12\/Global-Infocity-2.jpg\" alt=\"\" class=\"wp-image-3067\" srcset=\"https:\/\/www.mapletree.com.sg\/tachyon\/sites\/10\/2024\/12\/Global-Infocity-2.jpg?resize=450%2C419&amp;zoom=1 450w, https:\/\/www.mapletree.com.sg\/tachyon\/sites\/10\/2024\/12\/Global-Infocity-2.jpg?resize=450%2C419&amp;zoom=0.5 225w, https:\/\/www.mapletree.com.sg\/tachyon\/sites\/10\/2024\/12\/Global-Infocity-2.jpg?resize=450%2C419&amp;zoom=0.25 113w\" sizes=\"auto, (max-width: 450px) 100vw, 450px\" \/><\/figure>\n\n\n\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"450\" height=\"237\" src=\"https:\/\/www.mapletree.com.sg\/tachyon\/2024\/12\/Global-Infocity-3.jpg\" alt=\"\" class=\"wp-image-3071\" srcset=\"https:\/\/www.mapletree.com.sg\/tachyon\/sites\/10\/2024\/12\/Global-Infocity-3.jpg?resize=450%2C237&amp;zoom=1 450w, https:\/\/www.mapletree.com.sg\/tachyon\/sites\/10\/2024\/12\/Global-Infocity-3.jpg?resize=450%2C237&amp;zoom=0.5 225w, https:\/\/www.mapletree.com.sg\/tachyon\/sites\/10\/2024\/12\/Global-Infocity-3.jpg?resize=450%2C237&amp;zoom=0.25 113w\" sizes=\"auto, (max-width: 450px) 100vw, 450px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\" style=\"font-size:12px\"><em>Global Infocity\u2019s new logo<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"featured_media":16348,"template":"","meta":{"_acf_changed":false,"_trash_the_other_posts":false,"ep_exclude_from_search":false,"editor_notices":[]},"tags":[593,114],"newsroom-category":[112,1135],"csr-category":[],"class_list":["post-3061","newsroom","type-newsroom","status-publish","has-post-thumbnail","hentry","tag-593","tag-news"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mapletree acquires SP Infocity Park and renames as Global Infocity Park Chennai - MIPL Chinese<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mapletree-stag.altis.cloud\/cn\/newsroom\/mapletree-acquires-sp-infocity-park-and-renames-as-global-infocity-park-chennai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mapletree acquires SP Infocity Park and renames as Global Infocity Park Chennai - MIPL Chinese\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE&nbsp;\u2013 Further expanding its presence in India, Mapletree Investments Pte Ltd (\u201cMapletree\u201d or \u201cthe Group\u201d) has acquired the securities of Faery Estates Private Limited from SPREP Pte. 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