business park
Two substantial real estate deals have recently been struck by Bangalore-based firms Embassy Group and Sobha Developers. The deals – for which the two companies have shelled out more than ₹1,500 crore altogether – will give Embassy Group a major stake in a business park, and Sobha Developers a substantial stake in a residential project. [...] Continue Reading »
Blackstone Group, US-based private equity major, is set to acquire 36% ownership in the tenanted office space group of Embassy Property Developments, for about $230 million (Rs 1,300 crore). The deal is expected to be Blackstone’s biggest real estate deal in India, giving it part ownership of more than 12 million sq. ft. The Blackstone [...] Continue Reading »
