 "Blackstone, GIC, Brookfield and CPPIB gain in office space")
Singapore’s sovereign wealth fund GIC has agreed to buy a 40 per cent stake in DLF Cyber City for over Rs 12,000 crore and US-based investment firm Blackstone is set to buy 15 per cent of K Raheja Corp’s office space portfolio for over Rs 2,000 crore.
With these deals the world’s biggest real estate investors, including Brookfield and Canada Pension Plan Investment Board, have entered the 120 million sq ft premium office space market in the country over the past three years.
The rush for premium commercial real estate has come at a time when Indian developers like DLF face mounting
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