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Bahrain real estate firm acquires 49% stake in Noida IT park

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Bahrain-based real estate firm Acacia Real Estate acquired 49% stake in Logix TechnoPark, Noida for USD 69 million, report agency sources.

Acacia Real Estate is a company spearheaded by Bahrain-based TAIB Bank, which is also the exclusive placement agent for the project.

The park consists of four newly built 100% occupied office towers with a total gross leasable area of 461,120 sq ft.

Source : myiris.com

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