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Blackstone in the final leg of talks to buy out Embassy Industrial Parks

Embassy has a long-standing partnership with Blackstone through their JV Embassy Office Parks, which has floated and listed a real estate investment trust (REIT)

Topics
Blackstone Group | Embassy Industrial Parks | Embassy Reit

Raghavendra Kamath  |  Mumbai 



construction, realty, real estate, jobs, concrete, cement, buildings, high rise
Though the JV was looking to monetise the business at an enterprise value of Rs 1,700-1,900 crore in an earlier round of talks with investors last year, the deal could happen close to the price range, said sources

US-based (PE) giant Blackstone is in the final leg of talks to buy out PE major and Bengaluru-based property developer Embassy from their warehousing joint venture (JV), known as Embassy Industrial Parks, said sources in the know.

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First Published: Mon, February 08 2021. 06:10 IST

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