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Blackstone and Brookfield eye stake in Wadhwa's office portfolio in BKC

Wadhwa group, one of the largest owners of office property in the BKC area, plans to float a REIT after onboarding an investor

Global fund managers eye a stake in key office portfolio in BKC
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Global fund managers eye a stake in key office portfolio in BKC

Raghavendra Kamath Mumbai
Global fund managers such as Blackstone and Brookfield are in talks with Mumbai-based Wadhwa Group to buy a stake in the key office portfolio of the realtor in Bandra-Kurla Complex (BKC), said sources.

The group, one of the largest owners of office property in the BKC area, plans to float a real estate investment trust (REIT) after on-boarding an investor, sources said.

The commercial property portfolio of the Wadhwas includes Platina, Trade Centre and The Capital, which together have a size of one million square feet. According to consultants, the portfolio could be valued at Rs 5,000 crore.

“We are in talks with

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First Published: Nov 29 2019 | 9:55 PM IST

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