Canada’s Ivanhoe Cambridge to invest $100 m in Hyderabad’s Genome Valley
The Hindu
Firm’s leadership holds discussion with Telangana Industries Minister KTR.
Ivanhoe Cambridge, a real estate subsidiary of Canada’s institutional fund manager CDPQ, has made a foray into Hyderabad’s Genome Valley and committed to invest $100 million to develop nearly one million square feet of labspace in the life sciences cluster. Telangana Industries and IT Minister K.T.Rama Rao’s office said this in a statement after the leadership of Ivanhoe Cambridge and Lighthouse Canton met the Minister and senior officials, including Industries and IT Secretary Jayesh Ranjan, virtually on Wednesday. Separately, a release from Ivanhoe Cambridge said it is acquiring a portfolio comprising 0.85 million sq ft life science research and development office-labs in MN Park, Genome Valley, alongside Lighthouse Canton, which is the existing asset manager.More Related News