Anarock advised on Blackstone's acquisition of South City Mall in Kolkata.

Global investment firm Blackstone on Tuesday said it has acquired South City Mall, comprising 10 lakh sqft retail area, in Kolkata for Rs 3,250 crore. Anarock was the sole transaction advisor in the deal.

In a statement on Tuesday, real estate consultant Anarock said it has “successfully advised on Blackstone’s acquisition of South City Mall in Kolkata".

“Blackstone has acquired this prime asset for a transaction value of Rs 3,250 crore", it added.

South City Mall spans over one million (10 lakh) square feet and the asset generates an average annual turnover of over Rs 1800 crore.

South City Mall was developed by a consortium of leading real estate players in the region and launched in January 2008. It is not just a premier shopping destination but also a vibrant community hub. It will continue to redefine the shopping and leisure experience in Kolkata.

Asheesh Mohta, Head of Real Estate Acquisitions – India, Blackstone, said: “We are thrilled to strengthen our presence in India and invest in this iconic asset. South City Mall is a place where the community comes together… it’s the definitive destination in Kolkata for shopping, dining, leisure, and entertainment."

“We are committed to continuing South City Group’s wonderful work and positioning South City Mall for long-term success, benefiting from our scale, operational expertise, and deep experiences in the retail sector, particularly in India where we own one of the largest retail portfolios," Mohta said.