Global funds eye Blackstone's 50% stake
Real Estate

Global funds eye Blackstone's 50% stake

According to people with direct knowledge of the negotiations, two Canadian pension funds, GIC of Singapore, and the Abu Dhabi Investment Authority (ADIA) are among the sovereign wealth funds interested in purchasing Blackstone Group's 50% stake in Panchshil Realty and Salarpuria Sattva Group's respective commercial portfolios.

The transaction is anticipated to close with an enterprise value of between $4.5 and $5 billion.

The pension funds The Ontario Municipal Employees Retirement System (OMERS) and The Canada Pension Plan Investment Board (CPP Investments) have expressed interest in purchasing a share in this commercial real estate portfolio in India, which spans a total of 26 million square feet.

The portfolio consists of functioning properties totaling 21 million square feet in Pune and Hyderabad, two important commercial real estate markets. The property also includes a Pavilion Mall in Pune and a 415-key JW Marriott hotel in addition to office buildings.

According to people with direct knowledge of the negotiations, two Canadian pension funds, GIC of Singapore, and the Abu Dhabi Investment Authority (ADIA) are among the sovereign wealth funds interested in purchasing Blackstone Group's 50% stake in Panchshil Realty and Salarpuria Sattva Group's respective commercial portfolios. The transaction is anticipated to close with an enterprise value of between $4.5 and $5 billion. The pension funds The Ontario Municipal Employees Retirement System (OMERS) and The Canada Pension Plan Investment Board (CPP Investments) have expressed interest in purchasing a share in this commercial real estate portfolio in India, which spans a total of 26 million square feet. The portfolio consists of functioning properties totaling 21 million square feet in Pune and Hyderabad, two important commercial real estate markets. The property also includes a Pavilion Mall in Pune and a 415-key JW Marriott hotel in addition to office buildings.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?