Blackstone Group completed the acquisition of Prestige Estates Projects' Offices and shopping mall assets for $1.5bn.

Blackstone Group, a private equity firm, completed the acquisition of Prestige Estates Projects' Offices and shopping mall assets for $1.5bn. “There will be new opportunities in metros and their peripheries too, and tier II towns. We are currently building the brand equity asthis is the opportunity to gain customer confldence, especially when the industry saw almost zerosales in June to a 70-80% recovery now," Dalip Sehgal, Nexus Malls CEO.