Embassy REIT Distributes Over Rs 5,800 Crore To Unitholders Since Listing (the Economic Times) June 15, 2022 – (The Economic Times) Embassy Office Parks REIT on Monday said it has distributed over Rs 5,800 crore to unitholders since its listing in April 2019. In a regulatory filing, the company informed that it has successfully completed three years of listing, …
India’s DLF To Be REIT Ready In A Few Months: CEO (Economic Times) May 19, 2022 – Real estate developer DLF Ltd will be REIT ready in the next couple of months after completion of a majority of the preparatory work, senior executives of the company told investors during the Q4 analyst call. “Most of the key …
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Mindspace REIT Designs And Develops 1km-Long Skywalk In Telangana (India Infoline News Service) April 19, 2022 – Mindspace Business Parks REIT, owner, and developer of quality Grade A office portfolio launched its meticulously designed, circular, 1 km long skywalk connecting the Raidurg Metro Station to strategic locations in and around the Mindspace Madhapur campus on …
Embassy Office Parks REIT Allots NCDs Aggregating Rs 1000 cr (US$132 Million) (Business Standard) April 5, 2022 – Embassy Office Parks REIT has raised Rs 1,000 crore through five-year bonds to fund its operations, market sources said. The coupon rate on these bonds is 7.35 per cent. These bonds floated by Embassy REIT carry “AAA” rating, reflecting …
Embassy REIT Board Approves Fund Raising (Business Standard) March 18, 2022 – The Board of Embassy Office Parks Management Services, Manager to Embassy Office Parks REIT (Embassy REIT) at its meeting held on 17 March 2022 has approved the following: Approved fund raising by way of issuance of listed, rated, secured, redeemable, transferable, rupee denominated …
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Mindspace Business Parks REIT Leases Over 1.8-Million-Sq-Ft Offices In Q3 (The Economic Times) February 11, 2022 – Mindspace Business Parks REIT has leased over 1.8 million sq ft office spaces in the quarter ended December, taking its overall leasing to nearly 4 million sq ft for the first nine months of the financial year. The …
Mindspace REIT To Raise Up To Rs 500 Crore (US$67 Million) Non-Convertible Debentures (NCDs) (Economic Times) January 18, 2021 – K Raheja Corp-backed Mindspace Business Parks REIT is planning to raise up to Rs 500 crore through the issuance of non-convertible debentures (NCDs) in one or more tranches. The executive committee of K Raheja Corp …
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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