Global development institution International Finance Corporation (IFC), a member of the World Bank Group, has invested over Rs 650 crore in K Raheja Corp-backed Mindspace Business Parks REIT through an issue of sustainability-linked bonds. This is a maiden sustainability-linked fundraising by any listed Real Estate Investment Trusts (REITs) in India. This follows the REIT’s issuance … Read more
Shares of Nexus Select Trust, the first REIT backed by rental yielding assets, listed at a mild premium of 3% over the issue price on Friday. Analysts advise investors to hold on to the stock and even accumulate at the listing price for the long-term considering the growth visibility. “Investors who are looking for a … Read more
By Baiju Kalesh Brookfield Asset Management Inc. is pushing to list a real estate investment trust in Mumbai before the end of this year, which could raise as much as 38 billion rupees ($513 million), according to people familiar with the matter. The Canadian asset manager has received good response from investors including sovereign wealth … Read more
US private equity major Blackstone Group has invested over $8 billion in Indian real estate and continues to be bullish on the country’s property sector, especially office spaces, even as it evaluates more investment opportunities here, said Christopher Heady, Asia-Pacific chairman and senior managing director, Blackstone. In an exclusive chat with Kailash Babar, Heady talks … Read more