Soilbuild Group chairman, Blackstone to privatise business REIT in $525 million deal
BENGALURU: Soilbuild Group’s executive chairman will team up with Blackstone Group to take its listed unit Soilbuild Business Space REIT private in a S$700.3 million ($524.49 million) deal, the real estate company said on Monday. Soilbuild Group Executive Chairman Lim Chap Huat and Blackstone are offering S$0.55 per share in cash to take the Singapore-focused […]
Prestige group to sell commercial projects to Blackstone for Rs 9,160 crore
NEW DELHI: Bengaluru-based Realty firm Prestige Estates Projects Ltd on Monday said it has agreed to sell a large portfolio of office, retail and hotel properties to global investment firm Blackstone for an enterprise value of Rs 9,160 crore. The company has signed term sheets on Monday with the Blackstone group, and the deal is […]
Prestige group agrees to sell certain office, retail assets and 2 hotels to Blackstone for Rs 12,000 crore
NEW DELHI: Realty firm Prestige Estates Projects Ltd on Saturday said it has agreed to sell certain office, retail and hotel properties to global investment firm Blackstone — in a big ticket real estate deal estimated at around Rs 12,000 crore. Prestige group did not disclose the deal size, but sources said that the Bengaluru-based […]
Coffee Day inks deal with Blackstone to sell Global Village for Rs 2,700 crore
NEW DELHI: Coffee Day Enterprises on Tuesday said it has signed definitive agreements with private equity major Blackstone and Salarpuria Sattva Group for sale of Global Village Tech Park at an enterprising value of Rs 2,700 crore. The company board had recently approved the sale of prime real estate property GV Tech Park as part […]
Blackstone buys majority stake in Aadhar Housing Finance for Rs 2,200 crore
NEW DELHI: Global investment firm Blackstone has bought a majority stake in Aadhar Housing that caters to the housing financing needs of low-income households, a statement said on Tuesday. Blackstone has bought 97.7 per cent stake in Aadhar for about Rs 2,200 crore, sources said. Blackstone today announced that private equity funds managed by Blackstone […]