BY: Dhwani Pandya India’s first ever real estate investment trust has outperformed peers since its debut in late March, helped by a low interest rate environment that’s forcing investors to look elsewhere for yield. Blackstone Group LP-backed Embassy Office Parks REIT has risen 21% since its listing, beating indexes that track REITs in Singapore and Japan. “This kind of return isn’t usual from a...
Blackstone
MUMBAI: A Bombay HC interim order last week has paved the way for the biggest deal in Mumbai for a single building. The deal between global real estate investor Blackstone and Radius Developers for the building in Bandra-Kurla Complex (BKC) is believed to be worth nearly Rs2,500 crore. Blackstone will pick up a 60% stake in Wing A of One BKC, sources told TOI. The 18-storey building has around 6.5 lakh sq...
US-based private equity major Blackstone Group is stepping up efforts to spread its retail real estate assets footprint across the country and is currently in talks to acquire three retails malls, said two persons familiar with the development. These proposed acquisitions spread over around 2 million sq ft will push Blackstone’s retail portfolio from 5.1 million sq ft to over 7 million sq ft,...