India, June 17 -- Blackstone has acquired South City Mall, one of Kolkata's largest shopping destinations, for Rs.3,250 crore. The mall spans 10 lakh sq ft of retail space and was acquired with ANAROCK serving as the sole transaction advisor.

According to ANAROCK, South City Mall houses over 150 stores, featuring a wide range of Indian and international brands. It generates an average annual turnover of over Rs.1,800 crore and includes the largest food court in the region. The property also offers multi-level parking with a capacity of over 1,250 cars.

"We applaud Blackstone on this acquisition. South City Mall is indeed a prime retail asset in one of the most prestigious and sought-after areas in South Kolkata. The mall boasts numerous...