Capgemini sells Thane campus land, buildings to Panchshil for Rs 550 crore

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Capgemini Technology Services India has divested its 15.38-acre Knowledge Park in Thane, including five buildings, to Prime Lohegaon Infraspaces for Rs 550 crore. This significant transaction, reflecting a broader trend of global tech firms reassessing office portfolios due to hybrid work, marks Panchshil Realty's expansion into Mumbai. The deal highlights corporates monetizing non-core assets in key urban centers.