Tag: Blackstone

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Blackstone acquires South City Mall in Kolkata for ₹3,250 crore

NEW DELHI: Blackstone has acquired South City Mall in Kolkata for a transaction value of ₹3,250 crore. Anarock Group was the transaction advisor in the deal. South City Mall was developed by South City Projects (Kolkata), a consortium of Merlin Group, Emami Group, Sachi Group, Surekha Group, JB Group and Rameswara Group and launched in January 2008. Spanning over one million sq ft, the mall generates an average annual turnover of over ₹1,800 crore. Sushil Mohta, chairman of Merlin Group and director of South City Projects speaking to ETRealty confirmed the transaction and said, “For us, it made sense as…

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Blackstone gets CCI nod to acquire stake in Kolte-Patil Developers

NEW DELHI: Blackstone has received approval from the Competition Commission of India (CCI) for its proposed investment in Kolte-Patil Developers through a combination of preferential allotment and secondary share purchase. In March 2025, the company had announced about a proposed equity infusion via preferential allotment and secondary share acquisition by BREP Asia III India Holding Co VII, an affiliate of Blackstone. The transaction involves a two-pronged investment structure, cumulatively valued at approximately ₹1,167 crore. As part of the deal, Kolte-Patil Developers will issue 1,26,75,685 equity shares on a preferential basis to BREP Asia III India Holding Co VII. The shares,…

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Blackstone among bidders for $800 million commercial property in Paris: Sources

LONDON: Blackstone is among several bidders shortlisted to buy a more than century-old office block in Paris with a price tag of 700 million euros ($800 million), a source familiar with the matter told Reuters, in what would be one of Europe’s biggest post-pandemic office sales. The CityQuartier Trocadero building is in a prime location in the 16th arrondissement near the Arc de Triomphe and was put up for sale by the owner, Germany’s Union Investment, in March. Real estate investor Hines also made the cut, while Commerz Real, owned by Germany’s Commerzbank, also put forward a bid that was…

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Zara’s founder buys office building in Barcelona for $283 million: Sources

Representative Image MADRID: Zara founder Amancio Ortega has bought an office building in Barcelona from Blackstone for 250 million euros ($283 million), two sources familiar with the transaction said on Friday. Blackstone sold the 28,000-square-metre building on Avenida Diagonal, currently rented by the Spanish editorial business Planeta, to Ortega’s investment vehicle Pontegadea, the sources said. Pontegadea and Blackstone did not comment about the agreement. Pontegadea, which owns more than $20 billion of real estate assets, has invested in several office towers and luxury buildings in Europe and North America. It has also diversified its portfolio by buying energy and logistics…

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Knowledge Realty Trust gets CCI nod to acquire entities of Blackstone, Sattva Group

NEW DELHI: The Competition Commission of India on Tuesday approved IPO-bound Knowledge Realty Trust’s acquisition of several entities affiliated with private equity major Blackstone and Bengaluru-based Sattva Group. Knowledge Realty Trust (KRT) is sponsored by real estate company Sattva Group and Blackstone. “The proposed combination comprises of direct and indirect acquisition by the Knowledge Realty Trust, acting through its manager, Knowledge Realty Office Management Services, formerly known as Trinity Office Management Services (acquirer REIT), of certain entities, some of which inter-alia belong to the Blackstone Group, some belonging to the Sattva Group and remaining held jointly controlled by Blackstone and…