Realty firm TARC sells part of Delhi warehousing asset to Blackstone for Rs.295-Cr

New Delhi-based, publicly listed real estate development company TARC Ltd (formerly Anant Raj Global Ltd) has sold its warehousing asset in North Delhi to BREP Asia ll EIP Holding (NQ) Pte Ltd, an unit of PE firm Blackstone for INR 295 crore. The company plans to use a part of the proceeds to fasttrack its residential projects, and consolidate its strategy to develop higher yielding projects.