{"id":1327,"date":"2017-03-06T17:08:50","date_gmt":"2017-03-06T11:38:50","guid":{"rendered":"https:\/\/www.propstack.com\/news\/?p=1327"},"modified":"2017-03-06T17:08:50","modified_gmt":"2017-03-06T11:38:50","slug":"blackstone-eyes-15-stake-in-k-rahejas-office-portfolio-for-300-million","status":"publish","type":"post","link":"https:\/\/www.propstack.com\/news\/blackstone-eyes-15-stake-in-k-rahejas-office-portfolio-for-300-million\/","title":{"rendered":"Blackstone eyes 15% stake in K Raheja\u2019s office portfolio for $300 million"},"content":{"rendered":"<p>US private equity major Blackstone Group has moved closer to inking a $250-300-million deal for 15% in K Raheja Corp\u2019s 20-million sq ft income-producing office portfolio, said two persons familiar with the development. \u201cAn application with regards to the proposed deal has now been filed with anti-trust watchdog Competition Commission of India. The transaction is fast progressing towards closure,\u201d said one of the persons mentioned above.<\/p>\n<p>K Raheja Corp, India\u2019s second largest developer of commercial parks, is seen as a prominent candidate for listing its real estate investment trust (REIT) in India.This transaction is a precursor to list its commercial portfolio. The company has developed more than 30 million sq ft of commercial space across the west and south.<\/p>\n<p>&nbsp;<\/p>\n<p>Read more:\u00a0<a href=\"http:\/\/realty.economictimes.indiatimes.com\/news\/commercial\/blackstone-eyes-15-stake-in-k-rahejas-office-portfolio-for-300-million\/57486447\" target=\"_blank\">The Economic Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US private equity major Blackstone Group has moved closer to inking a $250-300-million deal for 15% in K Raheja Corp\u2019s 20-million sq ft income-producing office portfolio, said two persons familiar with the development. \u201cAn application with regards to the proposed deal has now been filed with anti-trust watchdog Competition Commission of India. The transaction is\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.propstack.com\/news\/blackstone-eyes-15-stake-in-k-rahejas-office-portfolio-for-300-million\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[24,199],"class_list":["post-1327","post","type-post","status-publish","format-standard","hentry","category-city","category-mumbai","tag-blackstone","tag-k-raheja"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=1327"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1327\/revisions"}],"predecessor-version":[{"id":1328,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1327\/revisions\/1328"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=1327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=1327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=1327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}