Blackstone, with over $330 billion assets under management (AUM), has of late started lapping up retail assets in India. In December, it acquired two retail assets of Alpha One Malls in Ahmedabad and Amritsar. With this, it has invested about Rs 800 crore in about 1.2 million square feet. Now, Blackstone is close to announcing its second buyout in the retail space. This comes close to Singapore’s sovereign fund GIC buying out a 50 per cent stake in Thane’s Viviana Mall last month.
Read more: Business Standard
