Prestige Group sells assets worth Rs 7,467 cr to Blackstone
Bengaluru-based realty developer Prestige Group concluded the first phase of it asset sale, including shopping malls & office projects .
BusinessToday.In | March 10, 2021 | Updated 22:24 IST
The transaction will aid Prestige Group in building long-term strategic partnership with Blackstone Group, Irfan Razack said.
Following the nod from Competition Commission of India in December last year, Bengaluru-based real estate developer Prestige Group has sold assets worth Rs 7,467 crore to investment firm Blackstone in the first phase of Rs 9,100-crore transaction.
The phase one transaction included sale of 12 assets/ undertakings comprising completed retail, office and hotel assets. The rest of the transaction is expected to be completed by the end of the next quarter.
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