In line with its strategy to invest in Indian real estate, American private equity major Blackstone has struck agreed to buy nearly 0.7 million sqft of office space in One BKC from the city-based developer Radius, for a reported Rs 2,500 crore, making it the largest deal in the country’s office space.

— The Economic Times

Economic Laws Practice advised Raghuleela Builders Private Limited led by a team of partner Darshan Upadhyay, partner Bhavin Gada, senior associate Soumya Shanker and associate Sharan Sanil.

Samir Sanghvi & Co acted as counsel for Raghuleela Builders Private Limited on the real estate aspect of the transaction.

Bobby Parikh Associates was tax advisor to One BKC Realtors Private Limited and Raghuleela Builders Private Limited.

Cyril Amarchand Mangaldas was counsel for One BKC Realtors Private Limited.

Simpson Thatcher was global legal counsel for the Blackstone Group.

Kirkland and Ellis acted as international anti-corruption counsel for the Blackstone Group.

Ernst and Young acted as financial advisors to One BKC Realtors Private Limited.

AECOM was technical advisor to One BKC Realtors Private Limited.

2019-06-19

Deal value: Rs 2,500 cr

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.