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Brookfield Asset Management likely to file for REIT early this week

This will be the third such REIT issue after Embassy Office Parks and Mindspace Business Parks. Both these REITS were co-sponsored by global private equity fund manager Blackstone

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Citigroup, Morgan Stanley, Bank of America, and HSBC are the main bankers for the REIT issue. Brookfield declined to comment on the subject

Raghavendra Kamath Mumbai

4 min read Last Updated : Sep 28 2020 | 6:08 AM IST

Canada-based Brookfield Asset Management is looking to file a draft red herring prospectus (DRHP) for the initial public issue of its real estate investment trust (REIT) early this week, said sources in the know, adding that the fund manager could raise around $500 million (Rs 3,685 crore) through REIT.

“The filing could happen on Monday or Tuesday since they have finished all the paperwork so far,” said sources, adding, “The fund manager is looking at listing by the end of the year, after Securities and Exchange Board of India’s approval.”

Citigroup, Morgan Stanley, Bank of America, and HSBC are the

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