IL & FS Milestone Fund I, a private equity fund co-promoted by IL & FS and Milestone Capital Advisors, has invested Rs.139 crore in The Cerebrum B2, the 2nd tower of Kumar Builders’ three tower IT Park, ‘The Cerebrum’ at Kalyani Nagar. The three lakh sqft building, which is part of the 1 million sq ft ‘The Cerebrum’, is already complete and ready for handover to the institutional investor, stated a press release.
According to the release, the building’s environment friendly features and its strategic location in the heart of the city are some of the primary reasons why Milestone has chosen this property. The first tower, The Cerebrum B1 was completed over two years ago and given to Zaveray Poonawala’s private office. The building has been leased to well known IT companies such as Mastek, S1, EBZ Online and Verve Communications. The second tower The Cerebrum B2 has also been leased out to Reliance Communications, Vodafone Cellular, Finserv and Redknee India Technologies.
Source: Indian Express