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
Mindspace Enterprise Parks REIT reported a 9.2 per cent rise in web working earnings within the June quarter, whereas income rose 10.6 per cent on robust leasing of over a million sq ft within the quarter. The REIT reported NOI of ₹496 crore on income of ₹620 crore, whereas dedicated occupancy was at 91.1 per … 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
Mindspace Enterprise Parks REIT reported a 9.3 per cent rise in web working earnings (NOI) within the fourth quarter of FY24 and a 11 per cent rise in income, with a file gross leasing of two million sq. ft (msf) at a re-leasing unfold of 16.7 per cent for the majority of it. The REIT … Read more