Blackstone acquires One Indiabulls Park in Chennai for Rs 900 crore
After forming a commercial properties platform with Indiabulls Real Estate, US-based private equity major BlackstoneGroup has acquired the realty developer’s Chennai commercial asset One Indiabulls Park for around Rs 900 crore on outright basis, said two persons with direct information of the development.
This is the second transaction the developer has concluded following the sale of 50% stake in its two office properties One Indiabulls and Indiabulls Finance Center in central Mumbai to Blackstone Group for $730 million or Rs 4,750 crore.
Tags : News/Views