Actis completes office exit in India

Actis has completed the sale of its interest in IT4, a new generation office property in Mumbai, to longstanding operating partner, Tata Realty and Infrastructure Limited (Tata Realty) following a competitive process. The asset is part of a joint venture between Tata Realty and Actis that invests in and develops new generation offices in established commercial markets across India’s major cities.

The IT4 exit is the second office exit by Actis during the COVID-19 pandemic, following in the footsteps of another successful exit Actis completed last year in Seoul, Korea. Both the exits have delivered strong returns and enforce Actis’ strategy of working with high quality partners, in bringing new generation office assets at competitive prices to the market.

The building is 90 percent occupy.