Khaitan & Co Advised Ascendas Firstspace On Land Acquisition For Warehousing Facility In Kolar
Khaitan & Co advised Ascendas Firstspace on acquiring 90 acres in Kolar for a warehousing facility, backed by CapitaLand Group. The INR 153 Cr deal supports the development of an industrial & logistics park.;
Khaitan & Co Advised Ascendas Firstspace on Land Acquisition for Warehousing Facility in Kolar
Khaitan & Co acted as lead counsel to Ascendas Firstspace Development Management Private Limited in its acquisition of 100% shares of Dhishan Realty and Dhishan Bulwark, which own freehold and leasehold rights over approximately 90 acres of land in Kolar District, Karnataka. The acquisition, undertaken by CIL 2 Logistics 3 PTE. Ltd and CIL 2 Logistics 5 PTE. Ltd (entities of CapitaLand Group), is aimed at developing an industrial and logistics park for commercial warehousing.
The deal is valued at approximately INR 153 Crores and involved title due diligence, real estate documentation, corporate structuring, and general advisory.
The Khaitan & Co team was led by Sudheer Madamaiah (Partner), Pavithra Thammaiah (Counsel), Kartik Shiv Kumar (Principal Associate), and Esha Sanjyot Shah (Associate).
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