India Cements acquires commercial space of ICICI Bank

In yet another big ticket realty deal in Chennai, India Cements has acquired the ICICI Bank owned large commercial space in the upmarket Santhome High Road in the city reflecting the uptick in the property market. Sources close to the transaction said that ICL has struck the deal for Rs 63 crore.

ICICI Bank had put up for sale 9-ground (21,665 square feet) prime property with a built up space of 83, 772 square feet on the busy Santhome High Road. Recently, the bank moved the operations in the building to Ambattur in North Chennai.

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