Suzlon Energy has sold its headquarters, One Earth in Hadapsar, Pune, for INR 440 crore to OE Business Park Pvt Ltd, supported by 360 ONE Alternates Asset Management. The company has leased back the property for up to five years, with the option to sublease parts of it. This sale-and-leaseback transaction is part of Suzlon's strategy to adopt an asset-light model, freeing up capital to support its growing 4 GW order book and drive long-term growth. The move aligns with Suzlon's goal of maintaining operational stability and creating sustainable value for its stakeholders.
In its bid to boost asset light and fuel growth, Suzlon Energy, a prominent renewable energy solutions provider, has reportedly sold its headquarters - One Earth in Hadapsar, Pune, for INR 440 crore.
The property was sold to OE Business Park Pvt Ltd (OEBPPL), a particular vehicle supported by reserves overseen by 360 ONE Alternates Asset Management. After the deal, Suzlon reportedly leased its own headquarters for up to five years, with the option to sublease or allow parts of the property to be used by others. This is viewed as one of the first base camp deal-and-leaseback exchanges in quite a while, and it frames a critical piece of Suzlon's general technique to become resource light and divert assets towards development.
By settling on this deal-and-leaseback model, the organisation expects to open capital attached to its land, which will presently be utilised to help its developing request book of almost 4 GW. Moreover, the rent terms give Suzlon the adaptability to improve costs through sub-renting. Suzlon's larger goal is to reinvest in its core business and drive long-term growth, which includes this transaction. Reports suggest that Suzlon is now debt-free and focusing on key financial decisions aligned with its vision to create sustainable value for its stakeholders.
In conclusion, Suzlon's sale and leaseback of its headquarters in Pune for INR 440 crore is a strategic move to adopt an asset-light model, freeing up capital for growth. This decision aligns with its focus on driving long-term expansion and reinforcing its core renewable energy business, while maintaining operational stability and flexibility. The transaction also marks a significant step in Suzlon's journey towards financial sustainability and value creation for its stakeholders.
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