K Raheja Corp, a well-known developer along with the Blackstone Group, a US private equity firm have signed the deal to raise approximately $500 million by listing their jointly owned commercial business as a real estate investment trust (REIT), sources said. In Indian rupees, the companies will raise nearly over Rs. 3,500 crores. Under this […]
Continue ReadingIn a recent development, the Blackstone group went into a deal to purchase Global Village Tech Park that is owned by a subsidiary of Coffee Day Enterprises Ltd (CDEL). The company is believed to close this deal for Rs 2,770 crore. Blackstone will acquire the Global Village Tech Park with its South-based developer Salarpuria Sattva. […]
Continue ReadingIn a major development, it has been revealed that the American private equity major Blackstone Group and real estate developer K Raheja Corp are all set to list India’s second REIT. Both the groups are planning to jointly list their 20 million sq ft commercial portfolio in the market. The first Blackstone-Embassy Park REIT was […]
Continue ReadingIn a recent development, the Blackstone Group has finalized the deal to acquire office space in Mumbai’s Bandra Kurla Complex. This workspace is spread across 700,000 sqft and is valued at Rs. 2,500 crores from the Radius Group. According to the sources, this is the biggest commercial real estate deals till date. This area is […]
Continue ReadingThe biggest deal for single building in Mumbai has taken place between the international real estate investor Blackstone and Radius Developers for a building in Bandra-Kurla Complex (BKC) and is said to be of worth Rs. 2,500 crore. A recent Bombay HC interim order has made way for the biggest deal in Mumbai for a […]
Continue ReadingBlackstone, the private equity firm with southern developer Salarpuria Sattva, is planning to acquire Tanglin Developments that is the real estate firm of Coffee Day founder V G Siddhartha. This company owns a technology park in Bengaluru, for approximately Rs. 2,800 crore the sources said. Global Village, the technology park, is a 4-million-sqft tenanted office […]
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