<p>Mumbai, June 17 Global investment firm Blackstone has acquired South City Mall, comprising 10 lakh sq ft retail area, in Kolkata for Rs 3,250 crore.</p>.<p>In a statement on Tuesday, real estate consultant Anarock said it has "successfully advised on Blackstone's acquisition of South City Mall in Kolkata".</p>.<p>"Blackstone has acquired this prime asset for a transaction value of Rs 3,250 crore", it added.</p>.<p>Anarock was the sole transaction advisor in the deal.</p>.<p>South City Mall spans over one million (10 lakh) square feet and the asset generates an average annual turnover of over Rs 1800 crore.</p>.<p>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.</p>.<p>Sushil Mohta, Chairman of Merlin Group and Director of South City Projects, said, "South City Mall is indeed a prime retail asset in one of the most prestigious and sought-after areas in South Kolkata." Soumendu Chatterjee, Regional Director - Land, ANAROCK Group, said the mall has a very high footfall - daily visitors range between 55,000 and 60,000, surging to 75,000-200,000 during weekends and festive seasons.</p>.<p>South City Projects represents a consortium of six leading Kolkata business families with over 25 years of collaborative real estate development experience.</p>.<p>The company has established itself as a premier developer of retail and mixed-use properties across South Asia. </p>
<p>Mumbai, June 17 Global investment firm Blackstone has acquired South City Mall, comprising 10 lakh sq ft retail area, in Kolkata for Rs 3,250 crore.</p>.<p>In a statement on Tuesday, real estate consultant Anarock said it has "successfully advised on Blackstone's acquisition of South City Mall in Kolkata".</p>.<p>"Blackstone has acquired this prime asset for a transaction value of Rs 3,250 crore", it added.</p>.<p>Anarock was the sole transaction advisor in the deal.</p>.<p>South City Mall spans over one million (10 lakh) square feet and the asset generates an average annual turnover of over Rs 1800 crore.</p>.<p>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.</p>.<p>Sushil Mohta, Chairman of Merlin Group and Director of South City Projects, said, "South City Mall is indeed a prime retail asset in one of the most prestigious and sought-after areas in South Kolkata." Soumendu Chatterjee, Regional Director - Land, ANAROCK Group, said the mall has a very high footfall - daily visitors range between 55,000 and 60,000, surging to 75,000-200,000 during weekends and festive seasons.</p>.<p>South City Projects represents a consortium of six leading Kolkata business families with over 25 years of collaborative real estate development experience.</p>.<p>The company has established itself as a premier developer of retail and mixed-use properties across South Asia. </p>