Blackstone buys 'One BKC' building in Mumbai for Rs 2,600 crore

In the biggest office property deal in the country this year, US-based private equity fund manager Blackstone has bought about 650,000 square feet space in the One BKC building in Mumbai’s Bandra Kurla Complex for Rs 2,600 crore, said sources in the know. Blackstone has bought A Wing and some part of B Wing of the building, which has three wings with a total area of 1.5 million square feet.
 
Radius Developers, which owns the building, had mortgaged the property to Indiabulls Housing Finance, to which it owed about Rs 1,600 crore. About Rs 540 crore will be paid