India Realty Dealbook: Blackstone set to buy UIOF; MORE raises third fund; Siemens sells Worli property

India Realty Dealbook: Blackstone set to buy UIOF; MORE raises third fund; Siemens sells Worli property

In the latest developments in the country’s real estate sector, Blackstone Group is close to acquiring Urban Infrastructure Opportunities Fund (UIOF) for nearly $123 million, while Motilal Oswal Real Estate has raised about $154 million for its third real estate fund. In another deal, Siemens sold its Worli office property to Whispering Heights Real Estate Pvt Ltd for about $94 million.

Blackstone set to buy UIOF for $123m

US-based global private equity firm Blackstone Group is close to acquiring Anand Jain-promoted Urban Infrastructure Opportunities Fund (UIOF) for nearly $123 million (Rs 800 crore), said an Economic Times report.

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