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Blackstone inks commercial real estate acquisition deal: reports

India Infoline News Service | Mumbai | October 18, 2012 08:45 IST

Reports stated that the deal beats Citigroup's acquisition of a Mumbai office building earlier this year for Rs 9.85bn.

US private equity firm Blackstone has inked India's biggest commercial real estate acquisition deal, which will give it 50% stake in a Bangalore builder-owned portfolio of three business parks for $200 mn, according to reports.

Reports stated that the deal beats Citigroup's acquisition of a Mumbai office building earlier this year for Rs 9.85bn.

Blackstone, which invests in realty firms, has bought stake in an SPV comprising three commercial properties totalling over 10 million sq ft — Embassy Golf link and Manyata Embassy Business Park in Bangalore and Embassy Tech Zone in Pune, reports said.


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113110702927
Blackstone inks commercial real estate acquisition deal: reports
Blackstone inks commercial real estate acquisition deal: reports
Reports stated that the deal beats Citigroup's acquisition of a Mumbai office building earlier this year for Rs 9.85bn.
http://www.indiainfoline.com/article/news-top-story/blackstone-inks-commercial-real-estate-acquisition-deal-reports-113110702927_1.html
October 18, 2012 08:45 IST
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