Mindspace REIT Sees Office Rentals Rising On Supply Crunch (Bloomberg) November 25, 2021 – Mindspace Business Parks REIT, which runs office complexes across four big Indian cities, expects rentals to rise on tighter supply of new high quality office assets, according to the company’s chief executive officer. The company is witnessing an increased volume of leasing …
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Mahindra Manulife Launches Asia Pacific REITs Fund Of Funds (The Hindu Business Line) September 30, 2021 – Mahindra Manulife Investment Management Private Limited – MMIMPL (formerly known as Mahindra Asset Management Company Private Limited) — has launched ‘Mahindra Manulife Asia Pacific REITs FOF’, an open-ended fund of fund scheme investing in Manulife Global Fund – …
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Blackstone Sells 6% Stake In Embassy Office Parks REIT (The Economic Times) September 16, 2021 – Global private equity major Blackstone Group has trimmed its stake in real estate investment trust (REIT) Embassy Office Parks REIT through block deals in the open market on Wednesday. The institutional investor has raised $275 million or over Rs …
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REITs to be Included in Nifty Indices From September 30, the National Stock Exchange of India Said (Business Standard) August 25, 2021 – Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts will be included in the Nifty indices from September 30, according to new eligibility criteria announced by the National Stock Exchange of India …
Brooklyn India REIT Operating Lease Rental Income Up 7.3% in Q2 2021 August 11, 2021 – Brooklyn India REIT announced that its income from operating lease rentals grew to Rs 1.6 billion (US$21 million) driven by contractual escalations in the period April to June this year. This translates to a 7.3% increase year on year. The …
Brooklyn India REIT Operating Lease Rental Income Up 7.3% as at End-June Read More »
Embassy REIT Reports 12% y-o-y Increase in Net Operating Income for FY 2021 April 30, 2021– Embassy Office Parks REIT, India’s first listed REIT and the largest in Asia by area, reported results today for the fourth quarter and full year ended March 31, 2021. Michael Holland, Chief Executive Officer of Embassy REIT said, “Despite …
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Private Equity Inflows In India Realty Up 19% In FY21, Portfolio Deals Lead April 16, 2021- Despite the challenges thrown in by the outbreak of Covid19 pandemic, Indian real estate has recorded a 19% on-year jump in private equity investments in financial year 2020-21 at over $6.2 billion, the highest level since financial year 2015-16, …
Private Equity Inflows In India Realty Up 19% In FY21, Portfolio Deals Lead Read More »
$36 Billion Worth Of Real Estate Could Be Listed Under REITs In India: JLL (The Economic Times) March 26, 2021 – India’s Real Estate Investment Trust (REIT) market is set to enter a period of prolonged growth, with more REITs forecast to be listed in 2021 and beyond, said a report released by JLL. The …
Brookfield REIT IPO: Issue Subscribed 77% On Day 2 (Economic Times) February 5, 2021- The initial public offer (IPO) of Brookfield India Real Estate Trust was subscribed 77 per cent by the end of the second day of bidding today, driven largely by corporate and individual investors. The issue received applications for 58,818,600 units by …
Brookfield REIT IPO: Issue Subscribed 77% On Day 2 (Economic Times) Read More »
Brookfield India REIT Raises Rs 1,710 Crore (US$23.4 Million) From 39 Anchor Investors (The Economic Times) February 4, 2021 – Canadian alternative investment major Brookfield Asset Management-backed Brookfield India Real Estate Trust has raised Rs 1,710 crore from 39 anchor investors including global institutional investors, insurance companies, mutual funds and long-only funds. Global entities including …
