India: TARC completes sale of warehousing asset to Blackstone for $40m

Photo: Pixabay

New Delhi-based leading real estate development company TARC Ltd on Monday said it has completed the sale of its warehousing asset in North Delhi to BREP Asia II EIP Holding (NQ) Pte. Ltd, an affiliate of Blackstone for a total consideration of ₹295 crore.

The move aligns with TARC’s strategy to maintain focus on core development projects to unlock much higher value through its strategic and key land parcels in New Delhi.

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