Prestige Estate Projects’ wholly owned subsidiary - Prestige Exora Business Parks (Exora) and Reco Jade Ind (Reco), a subsidiary of GIC (Realty), Singapore have entered into a preliminary term sheet in relation to a possible significant minority investment by Reco in Exora, which owns directly/ indirectly multiple office properties, both operating and under construction.
Prestige Estates Projects is engaged in the business of real estate development. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.