Irfan Razack, CMD - BL× Prestige Estates Projects Limited has completed phase-1 of proposed transaction with Blackstone Group which included 100 per cent stake sale in six completed office projects (including a hotel), 50 per cent stake sale in four under-construction projects and 85 per cent stake sale in nine shopping malls. In all, phase-1 transactions included sale of 12 assets/undertakings comprising completed retail, office and hotel assets. Phase 2 of the transaction is expected to get completed by the end of next quarter. In a regulatory filing to exchanges, the company said phase-1 transactions involved ₹7,467 crore out of the total enterprise value of approximately ₹9,160 crore.