Embassy REIT Announces ₹98 billion ($1.3 billion) Acquisition of Embassy TechVillage November 19, 2020- Embassy REIT, India’s first publicly listed REIT, announced today that it has agreed to purchase Embassy TechVillage assets (“ETV”) from affiliates of Embassy Sponsor, Blackstone Sponsor and other selling shareholders for a total consideration of ₹97,824 million ($1.3 billion), subject to …
Embassy REIT Announces ₹98 billion ($1.3 billion) Acquisition of Embassy TechVillageRead More »
Embassy REIT To Acquire Property Maintenance Business Of Existing REIT Properties At Embassy Manyata And Embassy TechZone October 23, 2020 – Embassy Office Parks REIT, India’s first listed Real Estate Investment Trust and the largest in Asia by area, today announced that the Board of Directors of Embassy Office Parks Management Services Private Limited, Manager to Embassy …
Brookfield’s REIT Issue May Spur Investment, Demand In Indian Commercial Real Estate: Experts (The Economic Times) October 8, 2020 – Global investment firm Brookfield’s proposal to launch REIT public issue for raising over Rs 4,000 crore augurs well for the future of India’s office market and will boost investment as well as demand-supply in this …
Keppel Land Collaborates With TVS Emerald To Develop Premium Residential Project in Chennai September 3, 2020- Keppel Land Limited (Keppel Land), through its wholly-owned subsidiary, has entered into a joint venture with leading Indian developer, Emerald Haven Realty Ltd (TVS Emerald), a TVS Group company, to jointly develop a freehold condominium project on a prime …
Mutual Fund Investment In REITs Jumps 3-Fold In First Half Of 2020 in India (The Economic Times) August 31, 2020- New Delhi: Emerging investment instrument REIT seems to be finally catching investors’ fancy, with mutual funds investing a whopping Rs 735 crore in such units in the first six months of 2020, nearly three-fold jump …
Brookfield Picks Banks For $500 Million REIT IPO In India (Bloomberg) July 27, 2020 — Brookfield Asset Management Inc. has picked banks for an initial public offering of its India real estate investment trust that could raise at least $500 million, according to people familiar with the matter. The Canadian asset manager has selected Bank of America …
Brookfield Picks Banks For $500 Million REIT IPO In India (Bloomberg)Read More »
Mindspace REIT Plans To Raise US$599 Million Through IPO To Pay Debt (Business Standard) July 20, 2020 — Mindspace Business Parks REIT, an Indian operator of office complexes backed by Blackstone Group, plans to raise as much as Rs 4,500 crore ($599 million) in an initial public offering and use the proceeds to pay debt. …
Mindspace REIT Plans To Raise US$599 Million Through IPO To Pay Debt (Business Standard)Read More »
Blackstone To Shutter Real Estate Income Fund That Held CMBS (Bloomberg) July 17, 2020- Blackstone Group Inc. is closing a real estate fund that used leverage to load up on commercial mortgage backed securities, investments that have slumped during the Covid-19 pandemic. The Blackstone Real Estate Income Master Fund, with about $1.1 billion of total …
Blackstone To Shutter Real Estate Income Fund That Held CMBS (Bloomberg)Read More »
Despite Covid-19, Embassy REIT Bullish On India (The Hindu Business Line) July 17, 2020 — Embassy REIT said says India continues to offer employee cost advantage, affordable rentals amid the disruptions caused by the global pandemic. “While our rental collections since the outbreak of the pandemic are encouraging and remain healthy at over 90 per cent, …
Despite Covid-19, Embassy REIT Bullish On India (The Hindu Business Line)Read More »
Indian REITs Hit As IT Firms Cut Spend On Real Estate (Deal Street Asia) June 23, 2020 — A staggering 37,072 crore worth of annual rent from office leases are at risk over the next 12 months as technology and financial services tenants consider a permanent shift to remote work amid the coronavirus pandemic. As …
Indian REITs Hit As IT Firms Cut Spend On Real Estate (Deal Street Asia)Read More »
