Major Mall Move: Blackstone's ₹3,250 Cr Bet on Kolkata's South City

In a major boost to its retail real estate portfolio in India, global investment firm Blackstone has acquired Kolkata’s iconic South City Mall for Rs 3,250 crore. The transaction, exclusively advised by ANAROCK Group, ranks among the largest single-asset retail deals in the country.

Developed by a consortium of Kolkata-based builders and opened in 2008, South City Mall spans over one million sq. ft. of prime retail space. It houses more than 150 Indian and international brands, including Zara, Shoppers Stop, Tommy Hilfiger, Armani, and M.A.C.

“We are excited to expand our presence in India with this marquee investment,” said Asheesh Mohta, Head of Real Estate Acquisitions–India at Blackstone. “South City Mall stands as Kolkata’s premier destination for shopping, dining, entertainment, and leisure.”

The mall records an average annual turnover of over Rs 1,800 crore and draws daily footfalls of 55,000–60,000, peaking at around 200,000 on weekends and festive days. It features East India’s largest food court and a 1,250-car parking facility.

Soumendu Chatterjee, Regional Director – Land, ANAROCK Group, expressed pride in facilitating this milestone transaction and voiced strong confidence in Blackstone’s vision for the asset.

News by Rahul Yelligetti.