Abu Dhabi Investment Authority

Abu Dhabi Investment Authority Reportedly in Talks to Acquire Blackstone’s Indian Commercial Property Portfolios

Sovereign Wealth Funds Reportedly in Talks to Acquire Blackstone’s Indian Commercial Property Portfolios

Sovereign wealth funds from Singapore and the United Arab Emirates are in talks to acquire Blackstone Group’s stakes in two separate commercial property portfolios in India.

The funds, which include Singapore’s GIC and Abu Dhabi Investment Authority (ADIA), are reportedly looking to acquire Blackstone’s 50% stake in the portfolios, which are valued at over $4.5 billion. The portfolios include assets in Pune, Bengaluru, and Hyderabad.

The talks are still in early stages, but if they are successful, it would be the latest in a series of investments by sovereign wealth funds in Indian real estate. In recent years, sovereign wealth funds have invested billions of dollars in Indian real estate, attracted by the country’s growing economy and expanding middle class.

The acquisition of Blackstone’s Indian commercial property portfolios would be a major coup for the sovereign wealth funds involved. The portfolios are well-located and contain high-quality assets. The acquisition would also give the funds a significant foothold in the Indian real estate market.

The talks come at a time when the Indian real estate market is facing some headwinds. The market has been slowing down in recent months, due to a number of factors, including rising interest rates and inflation. However, the sovereign wealth funds involved in the talks are likely to be confident that the Indian real estate market will recover in the long term.

If the talks are successful, the acquisition would be a sign of the continued interest of sovereign wealth funds in Indian real estate. It would also be a major boost for the Indian economy, as it would bring in billions of dollars of foreign investment.

In a statement, Blackstone said that it was “in active discussions with a number of potential investors” for the two portfolios. The company said that it was “confident that we will be able to reach a mutually beneficial outcome for all stakeholders.”

The sovereign wealth funds involved in the talks have not yet commented on the matter.


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