Nucleus Office Parks, the real estate platform owned by global investment major Blackstone’s realty funds, has redeveloped a one-mile stretch of a street in Mumbai’s central business district of the Lower Parel area at an investment of over Rs 50 crore.
The one mile area has safer pedestrian pathways and community spaces for residents, said the PE major that owns and manages assets worth over USF 60 billion in India.
Though Blackstone didn’t disclose the investment for this public-private partnership initiative with the BMC, a civic body official told PTI that the fund has spent over Rs 50 crore in the redevelopment of the street.
