News
Savills facilitates land deal for Web Werks
International property consultant Savills India has facilitated a land transaction deal for data centre provider Web Werks, in Navi Mumbai.
Located at Thane-Belapur Road, Web Werks has bought close to an acre of land to build a 12.5 megawatts (MW) data centre with an estimated investment of Rs 400 crore.
The acquisition came close on the heels of Web Werks entering into a joint venture partnership with Iron Mountain, a storage and information management services company. As part of the agreement, the Boston-headquartered firm expects to invest $150 million in the next two years.
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