Blackstone likely to sell Pune assets to Xander for around Rs 20 billion

Blackstone has invested over $5 billion across 30 real estate investments, of which $3.7 billion is in office space

US-based private equity firm Blackstone is in final talks with another PE fund Xander to sell its infotech parks in Pune for around Rs20 billion, said sources.

Earlier, Singapore-based CapitaLand was in talks with Blackstone to buy the parks, but it pulled out later. Blackstone is selling its BlueRidge special economic zone (SEZ) and another SEZ at Hinjewadi in Pune, which are not part of its joint ventures. The firm has bought 1.5-million-sq-ft Blue Ridge SEZ from PE fund IDFC Alternatives and another IT SEZ from DLF in Pune. 

A Xander spokesperson declined to comment on the subject. Blackstone also did not