Tag: Singapore’s GIC

Blackstone is in talks with Singapore’s sovereign wealth fund GIC, to sell its 50 per cent stake in some of its commercial assets that it has with the Panchshil Group in Pune and with Salarpuria Sattva group in Hyderabad, three sources said.The projects with 26 million square feet of leasable area have an enterprise value of $4 billion, and the deal could be somewhere around $1.5-2 billion sources indicated, depending upon the negotiations. The deal is still in the works and a lot will depend on the valuations...