Shardul Amarchand Mangaldas & Co, and Arthur Cox advise Mindspace Business Parks on acquisition of Q City, Hyderabad.
Shardul Amarchand Mangaldas & Co. Acted as legal counsel to Mindspace Business Parks REIT for acquisition of Q-City, an IT Park based in Hyderabad, Telangana through acquisition of 100% shareholding of Mack Soft Tech Private Limited, an Indian subsidiary of the Quinn Group based out of Ireland.
This acquisition is the first third party acquisition by Mindspace Business Parks REIT outside its Portfolio Parks.
The transaction was led by Partners Nikhil Naredi, and Abhishek Parekh, and the deal team comprised of Partner Natalee Nanda, Senior Associate Akshath Vidyanath, and Associate Divya Venkatramani.
The corporate due diligence team was led by Partners Abhishek Parekh, & Natalee Nanda, Senior Associate Akshath Vidyanath, Associates Divya Venkatramani, and Stuti Singh.
The real estate due diligence was led by Partner Bhoumick Vaidya and Senior Associate Asmita Hegde. They also advised on the real estate aspects of the transaction. Partner Rohit Tiwari and Principal Associate Saloni Tyagi advised on the capital markets aspects of the transaction. Partner Rohan Arora and Associate Varalika Mendiratta advised on the competition law aspects of the transaction.
Arthur Cox LLP acted as the legal advisors to Mindspace Business Parks REIT on the Irish law aspects of the transaction; and EY acted as the tax and financial advisors
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