Blackstone has bought 20.8 per cent stake in its mall-based actual property funding belief, Nexus Choose Belief, mopping up ₹4,361 crore at ₹138 a unit, change information confirmed. The personal fairness agency, which held 43.13 per cent stake within the REIT on the finish of June, divested the stake on each the NSE and BSE … Read more
All metrics of workplace demand in India are exhibiting optimistic momentum and responding to this, actual property funding trusts are quickly scaling up their portfolios by way of acquisitions. When Embassy Workplace Parks REIT was launched in 2019, it had just a little over 24 million sq. toes. In 5 years, it has elevated the … Read more
Embassy Workplace Parks REIT plans to boost ₹2,500 crore by way of fairness by means of an institutional placement. This cash will partly fund its acquisition of an workplace park in Chennai for ₹1,269 crore. The REIT has agreed to purchase 5 million sq. ft of an workplace park, Embassy Splendid TechZone, in Chennai from … Read more
Blackstone has bought its complete 23.5% stake in Embassy Workplace Parks REIT for ₹7,100 crore ($850 million) at ₹316.10 a unit, sources mentioned. The acquirers included present buyers Capital Group, Constancy, Bain Capital, ICICI Mutual Fund, HDFC Mutual Fund and SBI Mutual Fund, who’ve develop into new buyers. The commerce value was barely increased than … Read more
US non-public fairness agency Blackstone plans to exit its holding in Embassy Workplace Parks REIT for ₹6,931.5 crore ($833 million) in a block deal on December 20. Based on the term-sheet seen by businessline, Blackstone-sponsored particular objective autos can be promoting 22.4 crore items or 23.59 per cent stake in Embassy REIT, the nation’s first … Read more