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India Real Estate

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 …

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India real estate

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 …

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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 …

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India real estate

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 …

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India real estate

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, …

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