DLF, the real estate major has announced that their rental arm DCCDL (DLF Cyber City Developers Ltd) are buying stake in one of Hines’ commercial project for Rs. 780 crore. Singapore’s sovereign wealth fund GIC and DLF are both entering an agreement for purchase of stake in Hines Fairleaf Real Estate which also consists of the One Horizon Centre. The project is considered to be premium and luxurious. Hines now has around 52% stake in the One Horizon Centre while DCCDL owns the rest.
