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The WeWork Circus And REIT Stocks (Forbes) Investors have finally pitched a tent above the WeWork circus. Should we REIT (real estate investment trust) shareholders be concerned about a fallout? The stock was touted in some circles as a potential savior for the office REIT market. As fewer and fewer employees work in traditional workspaces, …

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Blackstone, K Raheja Pick More Banks For Indian REIT IPO (Bloomberg) Blackstone Group and Indian developer K Raheja Group have selected more banks for an initial public offering of their joint commercial property portfolio, according to people familiar with the matter Citigroup Inc., Kotak Mahindra Capital Co. and Axis Capital Ltd. were picked to join Morgan Stanley to arrange the …

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India real estate

Nexus, Prestige In Talks To Merge Mall Business (The Economic Times) Blackstone-owned Nexus Malls and Bengaluru-based Prestige Group are in initial talks to merge their mall businesses, said two people with knowledge of the matter, in a sign of consolidation in India’s competitive shopping-centre space. Read More…

India real estate

Blackstone-backed real estate investment trust’s successful India trading debut has left global funds including Japan’s NikkoAM-StraitsTrading Asia wanting a piece of the action.

India’s only listed real estate investment trust has outperformed the stocks from the sector even as the developers grapple with a liquidity crunch in a slowing economy. Embassy Office Parks REIT has jumped 32 percent since listing on March 29 compared with a 5 percent decline in the Nifty Realty Index.

Blackstone Group LP has finished raising the largest commercial real-estate fund ever, with $20.5 billion of commitments despite an increasingly tough commercial property market.

Blackstone Group Lp’s property investments in the country are set to cross the $6-billion mark this year, even as the global private equity firm plans to diversify into the logistics sector.