SAM, JSA lead on Blackstone acquisition of stake in Indiabulls Gurugram office properties

Bar & Bench December 26 2018

Private equity giant Blackstone Group has entered into definitive agreements with listed developer Indiabulls Real Estate Ltd to buy up to 50% stake in two commercial properties in Gurugram.

Indiabulls Real Estate is parting with the stake at a combined enterprise value of Rs. 464 crore (around $66 million). The two office assets are in the Udyog Vihar locality and have a leasable area of 784,000 sq-ft, according to

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