Island Star Mall Developers (ISMDPL), a strategic investment platform owned by Phoenix Mills and Canada Pension Plan Investment Board (CPPIB), has acquired an additional adjoining land parcel in Pune admeasuring approximately 1.8 acres for a total consideration of Rs 21.25 crore on October 4, 2017.
Phoenix Mills is engaged in property development in India. Its activities include planning, execution, and marketing of projects, property rental and management, and maintenance and sale of the completed properties.