Blackstone acquires Kolkata's South City Mall for Rs.3,250-Cr

Global Private Equity firm Blackstone has acquired South City Mall in Kolkata for a consideration of INR 3,250 crore. The mall, spanning one million square feet, boasts high foot traffic and significant annual turnover, making it a prime retail asset for Blackstone to expand its Indian retail portfolio. Anarock acted as sole transaction advisor on the deal.Founded in 2008 by a consortium of Kolkata-based real estate developers, South City Mall has evolved into one of the most successful malls in the region with a vast array of international and Indian brands and generates an average annual turnover of over INR 1,800 crore.