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Blackstone, Indiabulls to launch commercial real estate platform, says report - Zint Design
Private equity firm Blackstone Group Lp and Indiabulls Real Estate Ltd (IBREL) is planning to develop a commercial properties platform with rent-yielding assets, reported Mint. In March, both the companies entered in to a joint venture with Blackstone buying a 50 percent stake in IBREL. The new joint venture will now add six office assets on the platform within the next three to six months, of which three will be jointly acquired and the remaining would comprise projects already being developed by IBREL, the report said. IBREL will not pursue its earlier plan to carve out a separate entity for its