Tag Archives: Blackstone

Blackstone India plans to cleave office, retail spaces before mid-year REIT listing

Private equity giant Blackstone India’s REIT (Real Estate Investment Trust) listing is likely to happen in mid-2017, ahead of which the company may undertake a corporate restructuring, demarcating its office spaces from the retail assets, geography-wise. Blackstone is planning to list two separate REITs for its office assets: one with Pune-based Panchshil Realty, and the… Read More »

Blackstone wins CCI nod to buy stake in K Raheja’s commercial office portfolio

The Competition Commission of India (CCI) has approved global private equity firm Blackstone’s plan to acquire stakes in real estate firm K. Raheja Corp’s (KRC) commercial office portfolio. Blackstone has been the front-runner to buy 15% stake in the K. Raheja Corp’s commercial real estate business for $250-300 million. The Mumbai-based developer’s office portfolio is… Read More »

Blackstone, GIC top global real estate investors in India

Singapore’s sovereign wealth fund GIC Pte. Ltd and private equity firm Blackstone Group Lp have emerged as the two top global investors in India’s real estate sector after almost a decade of investing in the country. Canada’s Brookfield Asset Management Inc. is fast moving into the big league. GIC and Blackstone, which have different investment… Read More »

Blackstone eyes 15% stake in K Raheja’s office portfolio for $300 million

US private equity major Blackstone Group has moved closer to inking a $250-300-million deal for 15% in K Raheja Corp’s 20-million sq ft income-producing office portfolio, said two persons familiar with the development. “An application with regards to the proposed deal has now been filed with anti-trust watchdog Competition Commission of India. The transaction is… Read More »

Cognizant renews office lease at Blackstone’s IT park in Pune

The Indian arm of US-based Cognizant Technology Solutions has renewed the lease on its office space in the Blackstone Group-owned IT park in Pune, said two people familiar with the development. The deal is the first major office space transaction this year. Following the renewal of the lease of 2.6 lakh square feet of office… Read More »

Blackstone in talks to buy space in Mumbai’s FIFC Tower for Rs 850 crore

US private equity major Blackstone Group is in advanced talks to acquire over 3.60 lakh sq ft spread over six floors in First International Financial Centre (FIFC) Tower in Mumbai’s business district Bandra-Kurla Complex for over Rs 850 crore, said three persons familiar with the development. FIFC has been developed by a consortium of US-based… Read More »