New York City-based Blackstone Group L.P. acquired a marquee office building in Mumbai’s Bandra Kurla Complex (BKC) for $357 million -- this year’s largest commercial real estate deal. Owned and developed by Mumbai-based real estate firm Radius Developers, the eight-story building, One BKC, is spread across 700,000 square feet and...
Warburg and Blackstone Bullish on Real Estate in India
New York City-based private equity firm Warburg Pincus is negotiating a deal with Mumbai developer Runwal Group to invest $1 billion in real estate projects. Warburg and Runwal may each make an equity contribution of $250 million to the investment platform while the rest will be raised through leveraging. The...
Blackstone Puts Big Money in Indian Real Estate
New York City-based Blackstone Group is in advanced talks to acquire over 360,000 sq ft spread over six floors in the First International Financial Center (FIFC) Tower at Bandra-Kurla Complex, a business district in Mumbai, for over $125 million. With rising income levels of India's consumers, Blackstone has started focusing...