Global investment firm Blackstone has acquired South City Mall in Kolkata including 10 lakh square feet of retail space for Rs 3,250 crore.Real estate consultancy firm Anarock announced that it had successfully advised on the acquisition, serving as the sole transaction adviser, Anarock said in a statement on Tuesday.The company emphasised that Blackstone obtained this prime commercial asset at a value of Rs 3,250 crore. South City Mall, spanning over 1 million square feet, generates an annual turnover of more than Rs 1,800 crore."We are thrilled to strengthen our presence in India and invest in this iconic asset," Asheesh Mohta, head of real estate acquisitions - India, Blackstone, said. "South City Mall is a place where the community comes together... it's the definitive destination in Kolkata for shopping, dining, leisure, and entertainment." "We are committed to continuing South City Group's wonderful work and positioning South City Mall for long-term success, benefiting from our scale, operational expertise, and deep experiences in the retail sector, particularly in India where we own one of the largest retail portfolios," Mohta said.Sushil Mohta, chairperson of Merlin Group and director of South City Projects, said: "South City Mall is indeed a prime retail asset in one of the most prestigious and sought-after areas in South Kolkata."Soumendu Chatterjee, regional director - land, Anarock Group, said the mall has a very high footfall — daily visitors range between 55,000 and 60,000, surging to 75,000–200,000 during weekends and festive seasons.South City Projects represents a consortium of six leading Kolkata business families with over 25 years of collaborative real estate development experience.(With PTI Inputs)Indian Real Estate Sees 43% Drop In Private Equity Inflows Over Five Years: Anarock Capital. Read more on Real Estate by NDTV Profit.