SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Brookfield inks pact to buy Unitech Group’s stake in string of IT parks for over Rs 2000 crore

12 Jun 2014 Evaluate

Canada-based Brookfield Property has entered into an agreement to acquire Candor Investments, a subsidiary of Unitech Corporate Park (UCP), which is a 60:40 joint venture with Unitech, for about Rs 2,000 crore.

UCP, which is incorporated in the Isle of Man, is developing six special economic zones (SEZs) and information technology (IT) parks in India. As per the agreement, Brookfield would acquire Candor Investments, the holding company for UCP’s property interests, subject to certain conditions. Meanwhile, property consultants Jones Lang LaSalle India advised UCP on the transaction.

In the previous year, UCP was reportedly in talks to sell its Gurgaon IT SEZ, but the deal did not materialize. Further, in April, Unitech had informed the stock exchanges that UCP was in talks with an investor for selling Candor Investments for its 60% interest in the six real estate projects. Jones Lang LaSalle (JLL) India was appointed by Unitech Corporate Parks to sell 60% of the stake in the six assets to a buyer. However, as of now, Brookfield has bought UCP’s share (60%) in all the six assets and Unitech’s share (40%) in four assets.

Unitech, being one of the leading real estate companies, has several business segments relating to residential, commercial, Information Technology (IT) parks, retail, amusement parks, etc, with over four decades of achievement and continues to be a prominent player with high degree of quality and affordable real estate in the Indian market space.

Unitech Share Price

5.06 0.02 (0.40%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×