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Island Star Mall Developers Pvt Ltd and Canada Pension Plan Investment Board have acquired an additional adjoining land parcel in Pune ad measuring approximately 1.8 acres for ₹21.25 crore. Island Star Mall Developers is a strategic investment platform of Phoenix Mills. On August 14, the company and the Canada pension board had acquired a land parcel in Pune for ₹161 crore to develop high-quality retail destination. Investors will closely monitor the development.
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