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About two-third of the overall REITable stock in India falls in SBD: Colliers Colliers’ analysis indicates that about two-third of the REITable Grade A office stock falls in Secondary Business Districts (SBDs) of the top six cities in India. Amongst these SBDs, the SBD of Hyderabad holds the highest quantum of REIT-worthy stock with 28% share, followed by Bengaluru at 24%. Further, over 60% of the Grade A stock within SBDs is REIT-worthy. At the same time, about half of the total Grade A office stock in Peripheral Business Districts (PBDs) across the top six...
About two-third of the overall REITable stock in India falls in SBD: Colliers
About two-third of the overall REITable stock in India falls in SBD: Colliers
Source: PR Agency
27/06/2023 11:01:37 AM
Brookfield India REIT appoints bankers, targets July for $400 million raising -sources  Brookfield India Real Estate Investment Trust (REIT) has appointed eight investment banks for its planned equity raising of around $400 million, and is targeting the deal's closure by July, three people with direct knowledge said. The Indian REIT of one of the world's largest alternative asset groups Brookfield manages 18.7 million square feet (1.7 million square metres) of office parks and buildings in cities such as Mumbai, Kolkata and Gurugram near New Delhi. Its tenants i...
Brookfield India REIT appoints bankers, targets July for $400 million raising -sources
Brookfield India REIT appoints bankers, targets July for $400 million raising -sources
Source: Reuters
5/06/2023 11:07:51 AM
Indian REIT Nexus Malls rises 4% in trading debut, valued at $1.9 billion India's Nexus Select Trust rose nearly 4% in their trading debut on Friday, giving the Blackstone Inc-backed retail REIT a valuation of 157.56 billion rupees ($1.93 billion). The company, better known as Nexus Malls, saw its units rise to 104 rupees, compared to the 100-rupees-a-unit price of its initial public offering (IPO), in which it raised 32 billion rupees. The IPO, the first-ever by an Indian retail REIT, comes as public floats show signs of recovery after volatile markets a...
Indian REIT Nexus Malls rises 4% in trading debut, valued at $1.9 billion
Indian REIT Nexus Malls rises 4% in trading debut, valued at $1.9 billion
Source: Reuters
19/05/2023 11:13:21 AM
Comment on first-ever REITs and InvITs By Vimal Nadar, Colliers India Below Comment on first-ever REITs and InvITs By Vimal Nadar, Head of Research at Colliers India REITs and InvITs are emerging as strong alternative financial instruments, that are backed by ash generating real estate & infrastructure projects, for retail investors. REITs have ensured stable returns to unitholders, with yields in the range of 6-7%. Consistent returns and success of REITs for office market assets has laid a strong foundation for other asset classes as well. The ...
Comment on first-ever REITs and InvITs By Vimal Nadar, Colliers India
Comment on first-ever REITs and InvITs By Vimal Nadar, Colliers India
Source: PR Agency
12/04/2023 4:10:24 PM
REIT - An alternative investment class Equity as an asset class comes with its set of high risks and volatile earnings. Yes, there is a very large element of multiple returns but the number of stocks which turn out to be multi-baggers is a low single digit from the universe. Fixed deposit is another asset class which gives just the coupon rate and at times when the economy does well, fails to return the rising cost of inflation. Real estate comes with its mystique and is an asset class which has high returns but is cyclical, ...
REIT - An alternative investment class
REIT - An alternative investment class
Source: IANS
11/04/2023 5:40:35 PM
Exclusive-Blackstone in talks with Bain to sell $480 million stake in top Indian REIT Blackstone is in talks to sell around half of its stake in India's largest real estate investment trust Embassy Office Parks to private equity firm Bain Capital, two sources said, in a deal worth up to $480 million at current prices. A deal would mark U.S.-based Bain's first REIT investment in India where office space is drawing in investors as many workers have returned to offices with the waning of the COVID-19 pandemic. For Blackstone, it would mean a further selldown of its Emb...
Exclusive-Blackstone in talks with Bain to sell $480 million stake in top Indian REIT
Exclusive-Blackstone in talks with Bain to sell $480 million stake in top Indian REIT
Source: Reuters
25/01/2023 11:57:08 AM
Realty sector seeks boost to affordable housing, tax and policy relief To sustain the demand in the housing segment, the realty sector wants tax- and policy-related relaxations in the Union Budget 2023. Realtors said that with interest rates rising, a lot depends on the upcoming budget to support and sustain the housing demand. Manoj Gaur, President, CREDAI NCR and CMD Gaurs Group, said that real estate contributes 6-8 per cent to the GDP and employs more than 5 crore people. "It (real estate sector) has high hopes from the forthcoming budget. To...
Realty sector seeks boost to affordable housing, tax and policy relief
Realty sector seeks boost to affordable housing, tax and policy relief
Source: IANS
22/01/2023 12:25:59 PM
Blackstone`s India REIT portfolio Nexus Malls files for IPO Blackstone Inc-owned India malls real estate investment trust (REIT) portfolio, Nexus Malls, filed draft papers for an initial public offering with the domestic market regulator, a stock market filing showed on Thursday. The IPO will include a fresh issue of shares worth up to 16 billion Indian rupees ($195.94 million), the draft prospectus said. The IPO, India's first retail REIT, will also consist of a $300 million sale by Blackstone, said a person with direct knowledge of the mat...
Blackstone`s India REIT portfolio Nexus Malls files for IPO
Blackstone`s India REIT portfolio Nexus Malls files for IPO
Source: Reuters
18/11/2022 10:14:42 AM
Lower minimum investment in REITS proposed for larger retail participation In an attempt to increase retail participation in the new asset class, market regulator SEBI may look at reducing the minimum investment in REITs, or real estate investment trusts, from the present level of Rs 50,000. Sources privy to the development said that the government has reached out to the Securities Exchange Board of India (SEBI) to examine the possibility of reducing the floor of investment decided for investment in this asset class. While the specifics have been left to the r...
Lower minimum investment in REITS proposed for larger retail participation
Lower minimum investment in REITS proposed for larger retail participation
Source: IANS
9/04/2021 9:09:47 AM
InvITs, REITs can raise Rs 8 lakh cr capital in medium term Infrastructure investment trusts (InvITs) and real estate investment trusts (REITs) are gaining currency in India, following the footsteps of the developed world. A CRISIL Ratings analysis shows these instruments can potentially raise up to Rs 8 lakh crore of capital for India's infrastructure buildout over the next five fiscals. A deeper debt market where investors can discern risks and returns across infrastructure asset classes, and stable regulations will be critical to achieving t...
InvITs, REITs can raise Rs 8 lakh cr capital in medium term
InvITs, REITs can raise Rs 8 lakh cr capital in medium term
Source: IANS
28/01/2021 2:46:21 PM