Companies

Singapore’s L&W Construction acquires land in Bangalore for Rs 100 cr

Anil Urs Bangalore | Updated on March 12, 2018

International property consultants Jones Lang LaSalle has facilitated an outright purchase of 25 acres prime land at Devanhalli, Bangalore.

L&W Construction Pvt Ltd, a 100 per cent subsidiary of Singapore’s Lee Kim Tah Woh Hup Pte Ltd, has acquired the land from a Bangalore-based industrial group.

The transaction value is Rs 100 crore and the Singapore company has picked up this land parcel to develop a high-end residential project.

Mayank Saksena, Managing Director – Land Services, Jones Lang LaSalle India, said: “This is an extremely strategic acquisition for L&W Construction Pvt Ltd, and one of Bangalore's largest land deals of 2013 to date.”

“The location of this land on NH7 at Devanhalli is among Bangalore’s most promising growth corridors by virtue of its proximity to the Bangalore International Airport,” he added.

>anil.u@thehindu.co.in

Published on July 04, 2013

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