Blackstone-Embassy JV

The TechVillage sale for $1.3 bn was the country's single largest commercial property deal, and made Embassy REIT the largest in Asia by office space

The rental arm of Mumbai-based K Raheja Corp, where Blackstone holds 15 per cent stake, has begun work on the Reit and appointed Morgan Stanley the banker, say sources

The property in contention is Embassy Golf Links, an office park located off Intermediate Ring Road in Bengaluru