Blackstone’s Nucleus Office Parks targets 24.5 million sq ft by 2020 end, Real Estate News, ET RealEstate

Blackstone Group is scaling up Nucleus Office Parks, an entity that houses commercial properties fully owned by the group, in a bid to own 24.5 mn sft of office parks by the year end, a senior official told ET. Half Blackstone Group’s portfolio is in Southern India. “Nucleus will expand its capability in terms of […]

Lawyers redraw rent agreements with new ‘lockdown’ clause after ‘disputes’ over payment, Real Estate News, ET RealEstate

MUMBAI: Property owners have begun inserting a lockdown clause in new agreements with tenants following disputes over payment of rent for the lockdown period. Fresh agreements being drawn up by lawyers mention that in case of a lockdown there will be no waiver of rent or mention a mutually agreed percentage of the rent that […]

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