Overview

• Blackstone closed the Rs3,250 crore acquisition of South City Mall, adding over one million square feet of retail space in Kolkata to its holdings.
• The deal also covers unsold inventory of Sri Lanka’s luxury Altair residential tower, marking a cross-border expansion in South Asia.
• Anarock acted as the exclusive transaction advisor, with the acquisition formally announced on June 17, 2025.
• South City Mall generates more than Rs1,800 crore in annual turnover and sees daily footfall of 55,000–60,000, peaking at 200,000 on weekends and festivals.
• Blackstone plans to apply its scale and operational expertise to reposition the mall for long-term growth in Eastern India’s retail market.