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
Blackstone has invested over $5 billion across 30 real estate investments, of which $3.7 billion is in office space
Blackstone has invested over $5 billion across 30 real estate investments, of which $3.7 billion is in office space
Investors may demand yields as high as 15 per cent to subscribe to the Blackstone offer
Deal gives Blackstone exit with 4X returns, its largest in Asia so far
Blackstone may invest 60% of its $4-billion Asia fund in India; investments in India have delivered 30% returns since 2011, compared to 25% in China
According to sources, Citi and Morgan Stanley are advising Blackstone on the sale