Blackstone, Salarpuria to jointly buy Rs 2,700-crore tech park
Private equity giant Blackstone Group LLP and Salarpuria Sattva group are in talks to jointly buy Global Village Tech Park, a commercial property in Bengaluru valued at 2,700 crore, said two persons with direct knowledge of the development. The tech park is spread over 120 acres in Bengaluru. The firm is into development of technology parks in Bengaluru and Mangaluru. “Salarpuria Sattva and Blackstone are exploring opportunities to jointly buy the commercial property. Blackstone is already in advance talks with Café Coffee Day founder VG Siddhartha to buy the commercial property,” said one of the person quoted above. There is a possibility to extend this relationship further as both Salarpuria and Blackstone are looking to acquire assets across geographies.
Tags : News/Views