Blackstone Acquires South City Mall for โ‚น3,250 Cr: A Milestone Deal for Kolkata!

Main Article
Wed, Jul 16, 10:00 AM IST

Global private equity giant Blackstone has acquired ๐’๐จ๐ฎ๐ญ๐ก ๐‚๐ข๐ญ๐ฒ ๐Œ๐š๐ฅ๐ฅ, one of ๐„๐š๐ฌ๐ญ๐ž๐ซ๐ง ๐ˆ๐ง๐๐ข๐šโ€™๐ฌ most iconic retail destinations, for a landmark sum of โ‚น3,250 crore. 

This is one of the biggest real estate deals in the region, facilitated solely by ANAROCK.

With over 1 ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ฌ๐ช. ๐Ÿ๐ญ. of retail space, 150+ ๐ฉ๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐›๐ซ๐š๐ง๐๐ฌ, and footfall that touches 2 lakh during festive peaks, South City is more than just a mall, itโ€™s a cultural and commercial hub for ๐Š๐จ๐ฅ๐ค๐š๐ญ๐š.

This move cements Blackstoneโ€™s long-term confidence in Indiaโ€™s retail potential and Kolkataโ€™s growing prominence in that story. 

The firm, already Indiaโ€™s largest owner of retail and commercial real estate, brings with it deep operational expertise and global scale.

As ๐’๐ฎ๐ฌ๐ก๐ข๐ฅ ๐Œ๐จ๐ก๐ญ๐š, Director of South City Projects (Kolkata) Ltd, rightly said, this is a proud moment for the city and a strong vote of confidence in the regionโ€™s real estate and retail ecosystem.

Kolkata Calling congratulates all stakeholders - Blackstone, ANAROCK, ๐’๐จ๐ฎ๐ญ๐ก ๐‚๐ข๐ญ๐ฒ ๐†๐ซ๐จ๐ฎ๐ฉ, for this historic transaction.