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 […]
Tag Archives: The Blackstone Group
Prestige group to sell commercial projects to Blackstone for Rs 9,160 crore, Real Estate News, ET RealEstate
NEW DELHI: Realty firm Prestige Estates Projects Ltd on Monday said it has agreed to sell a large portfolio of office, retail and hotel properties to global investment firm Blackstone for an enterprise value of Rs 9,160 crore. Bengaluru-based Prestige has signed term sheets on Monday with the Blackstone group, and the deal is likely […]