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[부동산] Blackstone(자산관리회사), 곧 IBREL(부동산회사) 의 사무 자산 통제 할 것 밝혀 Blackstone to soon take full control of IBREL office assets
[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Shashi kant shukla staff of Kamagroup Pvt. Ltd. Here I have important INDIA REAL ESTATE news to share with you which is as mentioned under.

BENGALURU : Indiabulls Real Estate Ltd (IBREL) said it has sold its remaining stake in some of its office assets in Gurugram and central Mumbai to Blackstone Group Lp for around ₹2,717 crore, paving the way for the New York-based investor to take full control of IBREL’s commercial office portfolio.
In a statement, the Mumbai-based developer said it has sold its stakes in joint venture companies Yashita Buildcon Ltd and Ashkit Properties Ltd—which own assets in Udyog Vihar, Gurugram and certain subsidiaries in Indiabulls Properties Pvt. Ltd and Indiabulls Real Estate Co. Pvt. Ltd, that own assets at Lower Parel in Mumbai—to Blackstone. The sale of these assets was concluded on 25 September.

“...This has generated significant financial resources for the company towards achieving its goal of zero net debt in the current financial year," IBREL said.
IBREL and its subsidiaries are also in the process of finalizing a transaction with Blackstone “to divest direct or indirect stake in commercial assets at Worli in Mumbai, rights or stake in Delhi’s K.G. Marg and Sector 104 & Sector 106 in Gurugram", the IBREL statement said. Once the Worli and Gurugram deals are concluded, the entire strategic stake divestment to Blackstone will total up to ₹4,420 crore. IBREL and its subsidiaries are also in the process of finalizing a transaction with Blackstone “to divest direct or indirect stake in commercial assets at Worli in Mumbai, rights or stake in Delhi’s K.G. Marg and Sector 104 & Sector 106 in Gurugram", the IBREL statement said. Once the Worli and Gurugram deals are concluded, the entire strategic stake divestment to Blackstone will total up to ₹4,420 crore.

Read more at: https://www.livemint.com/companies/news/indiabulls-sells-stake-in-office-projects-to-blackstone-for-rs-2717-crore-1569461141865.html
Kamagroup Pvt. Ltd.
New Delhi
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