Tag: Eaton Corporation

CommercialLatest Stories

ICICI Prudential AIF Buys Pune IT Park for ₹520 Crore

An alternative investment fund managed by ICICI Prudential Asset Management Company has successfully acquired a grade-A office property in Pune as part of its initiative aimed at enhancing a portfolio of income-generating commercial real estate. The acquisition was made through the ICICI Prudential Office Yield Optimiser Fund-Series II, which purchased approximately 388,000 sq ft at Aditya Shagun Infinity IT Park in Baner, Pune, for around Rs 520 crore, according to sources familiar with the deal. The property was developed by K Raheja Group and Shagun Developers. The asset is currently leased to reputable tenants including Eaton Corporation, Accenture, and Jaguar…

CommercialLatest Stories

Eaton Technologies Secures 1.5 Lakh Sq Ft Lease in Pune

Representative image Eaton Technologies, the Indian subsidiary of global intelligent power management firm Eaton Corporation, has secured over 150,000 sq ft of office space in an IT park located in Pune’s Baner area through a 10-year long-term lease. The transaction is expected to incur an estimated rental expense exceeding Rs 250 crore for the duration of the lease, with an option to lease an additional 47,000 sq ft in the same complex. The company is set to establish its Global Capability Center (GCC) at this location. This deal aligns with the increasing trend of multinational corporations committing to large office…