IL&FS expects BKC headquarters, GIFT City towers’ sale to fetch over Rs 1,350 crore – ET RealEstate

The government-appointed management of Infrastructure Leasing & Financial Services (IL&FS) expects the sale of its iconic corporate headquarters in Mumbai’s Bandra-Kurla Complex (BKC) and two commercial towers in Gujarat’s GIFT city to fetch over Rs 1,350 crore. The non-banking finance company expects the final bids from interested entities for these real estate assets in May. […]

BlackStone to expand headquarters at 345 Park Avenue – ET RealEstate

BENGALURU: BlackStone Group Inc has signed a deal to expand its presence at its Park Avenue, Manhattan headquarters, the asset manager’s landlord the Rudin family said on Thursday. 345 Park Avenue, the building where BlackStone’s current headquarters is housed, has been the company’s home for more than 30 years. BlackStone will lease an additional 80,000 […]

Goldman Sachs leases 1.5 lakh sq ft space in Hyderabad’s Knowledge City – ET RealEstate

Goldman Sachs Group has signed a long-term lease transaction for 1.5 lakh sq ft office space in realty developer Salarpuria Sattva Group and private equity major Blackstone Group’s joint project Knowledge City in Hyderabad, persons with direct knowledge of the development said. While initially the deal size is pegged at around 1.5 lakh sq ft, […]

K Raheja Corp inks pact for 0.5 million sq ft office joint development in Pune – ET RealEstate

MUMBAI: Realty developer K Raheja Corp has entered into a joint development agreement to develop a 3-acre prime land parcel in Pune’s Baner locality. The company has formed an alliance with a Pune-based developer Aditya Shagun Developers to develop the latter’s plot into a commercial office project. The said land parcel has a total development […]

Blackstone’s Nucleus Office Parks targets 24.5 million sq ft by 2020 end – ET RealEstate

Blackstone Group is scaling up Nucleus Office Parks, an entity that houses commercial properties fully owned by the group, in a bid to own 24.5 mn sft of office parks by the year end, a senior official told ET. Half Blackstone Group’s portfolio is in Southern India. “Nucleus will expand its capability in terms of […]