After months of negotiations, an entity owned by Pune-based property developer Panchshil Realty and US-based private equity (PE) company Blackstone has bought a majority stake in Express Towers, the iconic building owned by Viveck Goenka of The Indian Express group, PE company ICICI Venture and The Indian Express's former editor-in-chief Shekhar Gupta, for around Rs 870 crore (Rs 8.7 billion). The building is in Nariman Point here (Mumbai). While ICICI Venture has completely exited the ... Rediff.com, 2 weeks ago
Blackstone-Panchshil JV seals deal to buy Express Towers for Rs 870 crore - Business Standard, 2 weeks ago
Mumbai landmark Express Towers changes hands in Rs870 crore deal - Quartz, 2 weeks ago
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American private equity company, Blackstone and Pune based Panchshil Realty signed the deal to buy a majority stake in Mumbai?s iconic Express Towers, owned by Viveck Goenka of The Indian Express group.Silicon India, 2 weeks ago
MUMBAI/BANGALORE: , 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 sq ft each in Bangalore, Pune and the National ...Economic Times, 6 days ago
T With this pass-through the real estate players seem to have wasted no time in getting the ball rolling. Now, USD 10 billion is set to flow into India's real estate sector and it is all because finance minister Arun Jaitley took the long-awaited ...Moneycontrol.com, 6 days ago Changing Face Of Real Estate Investments Afternoon Despatch & Courier, 1 month ago ''Nearly USD 800 mn invested in Indian realty in Q1 2014'' MyIris, 1 month ago Nearly US$800 million invested in Indian realty in Q1 2014: CBRE India Infoline, 1 month ago
Private equity investor Blackstone has invested Rs 175 crore ($29.06 million) in a Chennai residential project of Bangalore-based Ozone Group, as per a report in Mint citing company's chief S Vasudevan. This would arguably mark one of the first ...VC Circle, 3 weeks ago Blackstone invests in Ozone's residential project Livemint.com, 3 weeks ago
After changing the skyline of many global cities with his trademark flamboyant construction style, New-York based real estate mogul and billionaire Donald Trump is making his maiden trip to India this August. He would be accompanied by his son ...Hindu Business Line, 1 month ago
Prev By A Correspondent | Posted 6 hours ago Demanded Rs 7,000 from a furniture showroom's manager to allow him to unload a customer's goods from his tempo The Yerawada police have arrested two mathadi union workers on charges of trying ...Mid Day, 1 month ago
Emerging markets continue to dominate the rental growth in Asia Pacific with Pune ranked as the fourth city witnessing highest growth in commercial rentals among 33 cities in Asia. Jakarta (Indonesia) witnessed the highest office rental growth ...Smart Investor, 1 month ago
BANGALORE: Private equity giant Blackstone's big appetite for India's commercial real estate is poised to trigger more buyouts. The global investor is close to acquiring a 1-million sqft office space at Vikhroli in Mumbai for Rs 1,050 crore from ...Times of India, 2 months ago News Roundup: Blackstone buys Mumbai office hub VC Circle, 2 months ago
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