The Firm advised Blackstone Inc., together with Khaitan & Co., on its acquisition of shares in South City Projects (Kolkata) Limited, through which it acquired the South City Mall in Kolkata, and Indocean Developers (Private) Limited, the developer of the Altair luxury apartment complex in Colombo.
According to The Times of India, this is the largest real estate acquisition in Kolkata’s history and one of the most significant in Eastern India.
The Sri Lanka transaction team was led by Shehara Varia, Partner and Head of Mergers and Acquisitions, with support from Shakthi Ratnakumaran (Principal Associate) and Shreyan Fernando (Legal Assistant). FJ&G’s cross-divisional team also included Apsara Ranatunga (Director) and Dulanga Kalapuge (Associate) from our Real Property practice, and Raneesha De Alwis (Counsel) and Amaan Bandara (Litigator) from our Disputes practice.
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