Blackstone Real Estate Partners announced that it agreed to invest approximately 18 million dollars for a minority stake with board representation in Synergy Property Development Services Private Ltd.
Synergy, Formed in 2003, is now one of the top projects and construction management companies in India and currently has over 500 employees across nine Indian offices, with international offices in Dubai and Kualalumpur.
Synergy has delivered over 20 million square feet of real estate and is presently managing over 100 million square feet across various asset classes including office, retail, residential, hotels and hospitals.
The company also has plans to expand into infrastructure projects such as airports.
Synergy specializes in architectural design and fitouts, complete project management and turnkey contracts.
The company’s forte is managing the entire process from start to finish and ensuring timely project delivery.
Its portfolio of projects include well known developments such as the Medicity in Gurgaon, India’s largest hospital cluster development, Select Citywalk, a premium retail development in Delhi, the HCC-ICICI Tech Park and Runwal Town Centre in Mumbai, the Park Hyatt hotel in Chennai, and the Manyata Business Park and Embassy Golf Links in Bangalore, two of the largest and most successful business parks in India.