Global funds eye Blackstone’s 50% in Panchshil and Salarpuria assets
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.
