New Delhi, April 13, 2019: Tribeca and Logix Group have announced a partnership to develop multiple mixed-use projects in Noida. The first project will be a 0.5 Mn sq. ft. mixed-use development consisting of luxury retail, branded serviced apartments and Grade A office spaces, located in sector 32,Noida. Anarock Capital was the exclusive advisor to this collaboration.
The project is adjacent to one of Noida’s most successful retail destinations – Logix City Centre. The land is owned by Logix and Tribeca shall lead the development of the project.
This is Tribeca’s second major project tie up in 2019 after a 1 Mn sq. ft. residential project in Gurgaon funded by HDFC Capital. Recently,Tribeca and HDFC Capital announced INR 500 Cr platform to develop premium mid-income housing projects. Tribeca expects to double its development pipeline in FY’20.
Mr. Kalpesh Mehta, Founder of Tribeca said, “I am very excited to partner with Logix Group to strengthen our development portfolio in Delhi NCR. We will leverage the success of Logix City Centre Mall and our product expertise to create a buzzing landmark in Noida.”
Mr. Shakti Nath, Founder of Logix Group said, “In Tribeca, we have found the right partner to execute our vision of providing superior product and consumer experience to the market. This tie-up is in line with our strategy to collaborate with expert product developers for our marquee land parcels.”
Mr. Santosh Kumar, Vice Chairman of Anarock Group said, “This partnership between Tribeca and Logix is a perfect match of complimentary skill sets and will be mutually beneficial for all the stakeholders involved.”
Corporate Comm India(CCI Newswire)