Blackstone Group has bought the entire equity stake of Vikhroli Corporate Park for 1060 crore from its existing shareholders Hindustan Construction Company Limited and IL&FS Milestone Fund..Cyril Amarchand Mangaldas advised Blackstone Group with a team led by Partners Reeba Chacko, Vandana Sekhri and Nagavalli G. Real estate advisory (including title diligence) was led by Partner Sandeep Dave..Simpson Thacher & Bartlett and Ropes & Gray acted as International legal counsels for Blackstone. The Simpson team was led by Hong Kong Partner Anthony D King and Associate N Hagerman while Ropes and Gray team was led by Hong Kong Partner Kim B Nemirow and Associate Alyssa Bloom..AZB & Partners acted for Milestone Capital and its affiliates. The AZB team was led by Mumbai Managing Partner Zia Mody along with Partner Sai Krishna Bharathan and Senior Associates Sugandha Asthana and Tulika Sinha..As per news reports, this acquisition makes Blackstone the largest owner of office assets in the country, with nearly 32 million sq. ft of office space across cities including Mumbai, Bengaluru, the National Capital Region (NCR) and Pune.
Blackstone Group has bought the entire equity stake of Vikhroli Corporate Park for 1060 crore from its existing shareholders Hindustan Construction Company Limited and IL&FS Milestone Fund..Cyril Amarchand Mangaldas advised Blackstone Group with a team led by Partners Reeba Chacko, Vandana Sekhri and Nagavalli G. Real estate advisory (including title diligence) was led by Partner Sandeep Dave..Simpson Thacher & Bartlett and Ropes & Gray acted as International legal counsels for Blackstone. The Simpson team was led by Hong Kong Partner Anthony D King and Associate N Hagerman while Ropes and Gray team was led by Hong Kong Partner Kim B Nemirow and Associate Alyssa Bloom..AZB & Partners acted for Milestone Capital and its affiliates. The AZB team was led by Mumbai Managing Partner Zia Mody along with Partner Sai Krishna Bharathan and Senior Associates Sugandha Asthana and Tulika Sinha..As per news reports, this acquisition makes Blackstone the largest owner of office assets in the country, with nearly 32 million sq. ft of office space across cities including Mumbai, Bengaluru, the National Capital Region (NCR) and Pune.