Allianz-Shapoorji Pallonji JV acquires WaveRock complex for $250m

Allianz-Shapoorji Pallonji JV acquires WaveRock complex for $250m

WaveRock. Photo: Tishman Speyer website

SPREF II Pte. Ltd., a joint venture between Allianz Group and Shapoorji Pallonji Group, on Wednesday said it has acquired a 2.4 million sqft special economic zone (SEZ) property Waverock in Hyderabad from TSI Business Parks (Hyderabad) Ltd for $250 million.