Blackstone looks to sell office assets in Noida and Pune

Feelers had already been sent to major fund managers and real estate developers: Sources

The US-based fund manager Blackstone is looking to sell some of its office assets in Noida and Pune, sources in the know said.
 
Blackstone wants to exit Oxygen Boulevard and Galaxy IT Park in Noida, and BlueRidge special economic zone (SEZ) in Pune. Blackstone has appointed Morgan Stanley to find buyers for the properties, sources said. Morgan Stanley could not be reached for comments. “The properties are not part of its Indian joint ventures and do not form its core strategy,” said a source. Feelers had already been sent to major fund managers and real estate developers, the source