Login To Trade  |  About IIFL
  • NIFTY  8484.9  40 0.47%
  • SENSEX 28092.79  146.99 0.53%

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.


Read more on: Blackstone 
article
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
http://content.indiainfoline.com/_media/iifl/img/article/default/glo_news.jpg
Blackstone
Others
$rawVideoFileUrl$
$videoPlayerUrl$
Recent Reports

Weak start to the July series; Sensex, Nifty to open lower

India Infoline Research Team / 08:44, Jun 26, 2015

IIFL is hosting 10 companies at a Management Roadshow in Mumbai today. The opening is a subdued start. US market saw minor losses with Dow, S&P 500 and Nasdaq closing marginally lower.

News