Blackstone Group
A big news in the real estate market is that global private equity firm Blackstone Group LLP is close to buying 50 % stake in Embassy Services Pvt. Ltd. This is the property management arm of Embassy Property Developments Pvt. Ltd and the deal is expected to be closed at Rs.400 crore. The transaction will [...] Continue Reading »
Large infrastructure companies such as GMR Infrastructure Ltd and Jaiprakash Associates Ltd have been quick to raise several thousands of crore rupees by selling shares to savvy financial investors, known as qualified institutional investors, in the past three months. Now, several mid-size infrastructure companies are looking to raise money through initial public offerings, or IPOs, [...] Continue Reading »
The Modinomics has spread a positive vibe post the budget session and the ripples are to be seen everywhere. Embassy Office Parks, a joint venture between private equity firm Blackstone Group and office space developer Embassy Group, is in advanced talks to acquire three large IT parks spread over two million square feet each in [...] Continue Reading »
Blackstone the premier global investment and advisory firm and its local partner Embassy Group are likely to set up India’s first real estate investment trust (REIT). They will list it in on domestic exchanges next year. Chief Executive for Commercial Real Estate Division Michael Holland of Embassy Property Developments mentioned that his team has already [...] Continue Reading »
Ozone Group is coming up with a project for mixed-use called Metrozone, which is located at Anna Nagar in Chennai. The Blackstone Group LP is said to have made an investment of Rs 175 crore in the residential component of this project. This news didn’t come as a surprise after Ozone Group made several investments [...] Continue Reading »
Real Estate Investment Trusts, or REITs, are the next big thing in the Indian economic market. Prime Minister Narendra Modi’s decision to implement new rules for the governing of trusts throughout India will open up a new chapter in the country’s real estate. Many prominent private equity players are now pushing for REITs to be [...] Continue Reading »
India’s first real estate investment trust (REIT) will be set up very soon by Blackstone Group (BX.N) and its partner, Embassy Group. This trust will be listed on one of the country’s stock exchanges too. The government is working on finalising the rules that will govern the trusts and by next month the directive will be issued [...] Continue Reading »
Blackstone Group LP, a leading private equity (PE) investor in India, is planning to increase their exposure in real estate in India. Structured finance deals, according to experts, have been quite common as the cost of equity has increased significantly due to unfavourable Indian macro situation. Another PE investor, Kohlberg Kravis Roberts (KKR), says it [...] Continue Reading »
US-based hedge Capri Capital Partners plans to raise about $400 million to launch its first India-dedicated real estate private equity fund. Capri Capital has $3.7 billion assets under management and advises pension funds and institutional investors globally. The firm is looking to raise the fund through its India arm, Capri Global Capital, after the upcoming general [...] Continue Reading »
Bangalore- Private equity giant Blackstone Group has been planning to buy one of the largest Bangalore-based IT park developments, Vrindavan Tech Village for approximately Rs 800 to 900 crore, revealed sources. The PE firm which has already been in competition with other global investors Xander Group and Mapletree for buying Unitech Infospace at Dundahera, near [...] Continue Reading »
