Blackstone projects
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 »
IL&FS Milestone Fund, a major real estate private equity firm is all set to invest around Rs 100-150 crore by next month. As of now, the investment proposals are being evaluated and term sheets are being worked out. An official has confirmed that the said amount will be invested around April. The investment is meant to [...] Continue Reading »
IL&FS Milestone realty Advisors, one of the property funds is in talks with Blackstone, Morgan Stanley and GIC to seel its entire stakes in a commercial project in Mumbai. The project is worth Rs 1,000 crore revenue and has 1.2 million sq ft of leasable space in three 14-storey towers which is fully occupied. Siemens, Future Group, DHL [...] Continue Reading »
Global investor Blackstone is all set for a probably maiden profit from the Indian real estate market, riding on luxurious apartment sale in Bangalore. Blackstone is to exit the joint venture with southern developer, Embassy Property Developments, building 467 residential units, collecting more than Rs 210 crore, said some sources. According to sources, in just [...] Continue Reading »
