CapitaLand to acquire IT parks of Blackstone in Pune for Rs 22 billion

Blackstone is selling its BlueRidge SEZ and another SEZ at Hinjewadi in Pune

CapitaLand, one of the largest real estate companies in Asia, is set to acquire the IT parks of the US-based private equity firm Blackstone in Pune.

According to a source, the deal is estimated to be around Rs 22 billion. Blackstone is selling its BlueRidge special economic zone (SEZ) and another SEZ at Hinjewadi in Pune. “The deal is in its final stages and documentation is on,” said the source. Another global investor Xander was also in the race to buy the assets but CapitaLand seems to be the front runner, the source added.

CapitaLand owns a portfolio of $67 billion as