Peninsula sold two buildings with a total space of 7 lakh sq feet at Rs 15,000 per sq feet, raising nearly Rs 1,050 crore and will rent a building of 1.58 lakh sq feet at Rs 150 per sq feet, thus making another Rs 150 crore.
The revenues from the sale/lease of the fourth building will go towards the repayment of debt raised by Peninsula-Swan JV for developing the land, sources said.
Essar is expected to partly utilise this property for the use of the group companies. Currently, Essar
