New Delhi-based leading real estate development company TARC Ltd has sold its warehousing asset in North Delhi to Blackstone for a total consideration of ₹295 crore.

Phoenix Legal advised TARC Limited and the team was led by Partner Saket Shukla along with Principal Associate Akshay Sachthey and Associates Maryam Naaz Quadri, Ushashi Nan and Amogh Sharma.

Khaitan & Co advised the Blackstone Group.

The core team at Khaitan & Co consisted of Deepak Jodhani (Partner), Gautam Suseel (Principal Associate), Sushmita Ravi (Associate) and Divyansh Joshi (Associate), with assistance from the following:

Banking and financing aspects of the transaction - Rolwine Alva (Partner), Ashwij Ramaiah (Senior Associate), Riya Agicha (Senior Associate), Savni Tewari (Senior Associate), Ralph Rodrigues (Associate) and Shivani Chaturvedi (Associate)

Real Estate aspects - Avnish Sharma (Partner), Harsh Parikh (Partner), Kshitij Bishnoi (Principal Associate), Siddharth Godha (Senior Associate) and Rupali Singh (Associate)

Execution and Closing formalities - Shivam Tandon (Principal Associate) and Ashutosh Sharma (Principal Associate)

Potential litigation related aspects - Sanjeev Kapoor (Partner) and Peshwan Jehangir (Partner)

Due diligence - Vikram Gupta (Senior Associate), Bhavika Sanghvi (Associate) and Shilpa Shankar (Associate)

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