ACACIA BUYS 49% IN LOGIX TECHNOPARK

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Acacia Real Estate, promoted by Bahrain-based TAIB Bank, has acquired 49% in Logix TechnoPark in Noida for $69 million. Logix TechnoPark, located along the Noida expressway, comprises four office towers with an area of over 4.5 lakh sq ft. Logix group, the promoter of Logix TechnoPark, operates five IT parks in the NCR region and plans to have five more IT parks and two IT SEZs in one-and-half years.

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