trending Market Intelligence /marketintelligence/en/news-insights/trending/FedsijmZY_WymykzJamMGg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Indiabulls closes 4.6B-rupee sale of 50% stake in 2 Indian offices

Commercial Real Estate: 2020 Review

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


Indiabulls closes 4.6B-rupee sale of 50% stake in 2 Indian offices

Indiabulls Real Estate Ltd. wrapped up the disposal of 50% stake in two office assets in Gurugram, India, to Blackstone Group LP-controlled entities for a total enterprise value of 4.64 billion rupees.

The two properties in the city's Udyog Vihar area provide a total of 784,000 square feet of leasable office space, according to a release.

Indiabulls added that its two wholly owned subsidiaries, M/s Ashkit Properties Ltd. and M/s Yashita Buildcon Ltd., became joint venture partners as a result of the deal.

As of Jan. 1, US$1 was equivalent to 69.46 rupees.