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Construction : Deals | August 2014 | Source : Construction Update

Milestone Capital Advisor sells ACORN Logistics park for Rs 1500 Mn

Milestone Capital Advisors, Private equity firm has sold 1.1 million square feet ACORN Logistics Park for Rs 1500 million which located at Bhiwandi. Milestone Capital had invested in the commercial property back in 2008 through its rental yield fund, IL&FS Milestone Fund I, a rental yield fund chasing investment in ready pre-leased commercial assets. The park houses several tenants including Flipkart, Tesco and Uniworld Logistics.
 
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