Overview
Unitech Corporate Parks is a company incorporated in the Isle of Man in September 2006, with the business strategy of making investments in Indian commercial real estate that is being developed specifically for the high growth IT (Information Technology) and ITES (Information Technology Enabled Services) sectors. The expanded scope of investment strategy of Unitech Corporate Parks will allow it to invest in future in real estate developments in the hospitality, retail and other commercial and mixed-use sectors in India.
Unitech Corporate Parks intends to focus on making investments in Special Economic Zones (“SEZs”) dedicated to the IT and ITES industries (IT SEZs) or IT Parks, which are suitable for foreign direct investment (“FDI”) in India.
News
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11 Jun 2014 1 min read
Unitech Corporate Parks : UCP – Cash offer
Unitech Corporate Parks has received a cash offer for Candor Investments – the holding company for its property interests – that values the subsidiary at £205.9m – freeing up enough cash to make a return to shareholders equivalent to 56p per share. Shareholders will have to approve the transaction but the Board is pointing out […]
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30 Dec 2013 1 min read
Unitech Corporate Parks : UCP – interim results
UCP’s results for the half year ended 30 September 2013 show a fall in the NAV per share from 58p to 52p, despite an increase in the value of UCP’s property portfolio. The fall is largely attributable to the decline in the value of the Indian Rupee over the period. UCP reports increased lettings and rents […]
