Island Star Mall Developers (ISMDPL), a strategic investment alliance owned by Phoenix Mills and Canada Pension Plan Investment Board (CPPIB) has further acquired an additional adjoining land parcel in Pune for a consideration of Rs 1.40 crore.
Earlier, the said strategic alliance had acquired a land parcel in Wakad Pune for Rs 1.61 billion and has also acquired additional adjoining land parcel in Wakad, Pune for Rs 21.25 crore.
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.
