Stay updated with breaking news from Image Towers. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Blackstone: The Canada Pension Plan Investment Board (CPP Investments) and The Ontario Municipal Employees Retirement System (OMERS) are the pension funds that have evinced interest in picking up the stake in this commercial real estate portfolio spread across a total 26 million sq ft in India.
Sovereign wealth funds GIC and Abu Dhabi Investment Authority along with two Canada-based pension funds are negotiating to acquire Blackstone Group's 50% stake in separate commercial portfolios of Panchshil Realty and Salarpuria Sattva Group. The deal worth over $4.5-$5.0bn is estimated to be concluded soon.
The Sattva Group was amongst the first builders to create cutting-edge IT Parks that catered to the needs of MNCs who were looking for futuristic workspaces
The South Indian media and entertainment (M&E) sector, with a market value of around Rs 70,000 crore and a share of 40 per cent, will play a critical role in assisting India to follow a sustainable path to becoming the world’s largest credible marketplace, with M&E contributing two to three per cent to the country’s GDP.