“After forming a commercial properties platform with Indiabulls Real Estate, US-based private equity major Blackstone Group has acquired the realty developer’s Chennai commercial asset One Indiabulls Park for around Rs 900 crore on outright basis, said two persons with direct information of the development. ET was first to report that the company is looking to sell this asset following the first transaction with Blackstone Group for two office properties in central Mumbai,” reported The Economic Times.

Shardul Amarchand Mangaldas & Co advised Blackstone Group led by a team of partner Mithun V Thanks, principal associate Anjali Menon, senior associate Neety Thakkar, senior associate Gaurav Dugar, associate Akansha Singh, and associate Rutvi Shrimankar. Also, managing partner Akshay Chudasama, provided key strategic inputs, real estate advice was provided by partner Ashoo Gupta, partner Aarthi Lakshminarayanan, senior associate CM Paramaguru, associate Mansi Samdani, associate Pallavi Kishore, associate Bhavya Rangarajan, and associate Akhila J; the finance team included partner Veena Sivaramakrishnan, and senior associate Utkarsh Bandhu; competition law advice was provided by partner Shweta Shroff Chopra, and senior associate Supritha Prodaturi.

2018-06-06

Deal value: US$ 125 million

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.