Indiabulls Real Estate has sold a 50 stake in Indiabulls One Centre and Indiabulls Finance Centre in the Lower Parel area of Mumbai and a commercial property in Gurugram to Blackstone
India can raise $25 billion through REITs over the next three years listing around 150 million square feet of rent-yielding office properties, according to Anarock
Negotiating all-cash deal at Rs 1,000 crore, which is two times its FY19 sales
On August 14, CDEL had announced its intent to sell Global Village Tech Park to Blackstone for a valuation of Rs 2,600 crore-Rs 3,000 crore
Allcargo's logistics division plans to build 5 million square feet of warehouses across India by 2021
Deal with Blackstone will help group reduce debt
The deal, likely to be announced later today, is being done through a special purpose vehicle, 90 per cent of which will be owned by Blackstone and the remainder by Salarpuria
Blackstone owns more than double the size of office assets of DLF, the country's largest listed developer, which has 33 million square feet
Radius Developers, which owns the building, had mortgaged the property to Indiabulls Housing Finance, to which it owed about Rs 1,600 crore
Interest rates in India are on a downward trajectory after the central bank cut borrowing costs three times since January
As part of the transaction, Blackstone has also infused Rs 800 crore primary equity capital into Aadhar Housing Finance
GLP had scaled up its US business over the past four years to become the second-largest logistics player after Prologis Inc
Nexus currently owns and manages nine mall properties across 5 million sq ft
Blackstone will buy 51 per cent in the specialty packaging company from promoter Ashok Goel at Rs 134 a share
Changing the company's structure will increase the firm's 'ability to reach a dramatically larger audience', says CEO
Blackstone was an early entrant into office property and information technology (IT) parks
The rental arm of K Raheja Corp, promoted by billionaire property developer C L Raheja, could float a REIT this year and go public next year
Blackstone announced that private equity funds managed by the firm have entered into a definitive agreement to acquire the entire stake in Aadhar held by the existing controlling shareholders
This deal is supposed to significantly reduce Wadhawan Global Capital's outstanding corporate debt
Blackstone made a variety of concessions, the majority of which have remained outside the public's view