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Prestige Estates Initiatives to sell hire yielding properties to Blackstone

Prestige Estates Initiatives to sell hire yielding properties to Blackstone

Business
Prestige Estates Initiatives Miniature, a Bengaluru-based exclusively mostly true property developer, has signed a non-binding letter of intent with deepest equity predominant the Blackstone Crew to sell about a of its industrial workplaces, retail and resort properties.Blackstone is the sector’s main funding firms having over $564 billion in assets below management at the side of funding autos centered on deepest equity, true property, public debt and equity, life sciences, reveal equity, opportunistic, non-funding grade credit, true assets and secondary funds, all on a worldwide basis.“The firm is to present 16 to 20 million square ft of hire yielding properties to Blackstone. The value is anticipated to be known most effective after the completion of due diligence and regulatory appro...