Singapore’s sovereign wealth fund GIC Pte. Ltd and New York-based developer Tishman Speyer are set to sell their Hyderabad-based office property WaveRock for Rs2,000 crore, said two people aware of the development.
WaveRock is an equal joint venture between GIC and Tishman Speyer, spread over 2.5 million sq. ft in the Gachibowli financial district, a special economic zone (SEZ) promoted by the Telangana State Industrial Infrastructure Corp. (TSIIC).
