Page 2 - Reit India
Embassy REIT to acquire business park in Chennai for Rs 1,269 crore
The business park ESTZ comprises 1.4 million square feet of completed area, which is 95 per cent occupied and leased to large global companies such as Wells Fargo and BNY Mellon, among others
 "Embassy REIT to acquire business park in Chennai for Rs 1,269 crore")
Multiple tailwinds likely to reverse REIT underperformance in markets
Commercial real estate players, especially large asset owners such as Embassy, Mindspace, Brookfield and DLF, were bearing the brunt of vacancies in SEZ space
 "Multiple tailwinds likely to reverse REIT underperformance in markets")
Nexus Select Trust raises nearly Rs 1,440 crore from anchor investors
Blackstone-sponsored Nexus Select Trust, which will hit the capital market on Tuesday, has raised Rs 1,440 crore from anchor investors. Nexus Select Trust will launch India's first REIT (Real Estate Investment Trust) Initial Public Offer (IPO) backed by rent yielding retail real estate assets. At present, there are three listed REITs on stock exchanges but all are backed by office assets. The company will hit the capital market on Tuesday to raise up to Rs 3,200 crore through its retail REIT maiden public offer, and this includes fresh issue of units worth up to Rs 1,400 crore and an Offer For Sale (OFS) of up to Rs 1,800 crore. The company has fixed the price band at Rs 95 per unit to Rs 100 per unit for the proposed issue scheduled to close on May 11. As per the regulatory filing on Monday, Nexus Select Trust has raised Rs 1,440 crore from anchor investors, which included many mutual fund and insurance companies. The anchor investors who have been allocated units are -- HDFC Mut
 "Nexus Select Trust raises nearly Rs 1,440 crore from anchor investors")
Embassy Office Park REIT IPO sees 20% subscription on first day
Embassy Reit is looking to raise Rs 4,750 crore through the IPO
 "Embassy Office Park REIT IPO sees 20% subscription on first day")
Blackstone Group's REIT seeks to raise $682 million in India listing
A successful listing of the REIT, expected by April 3 according to the terms, will potentially open a fundraising avenue for India's cash-starved property companies
 "Blackstone Group's REIT seeks to raise $682 million in India listing")
India's first REIT is here: Embassy Office Parks proposes to raise Rs 52 bn
The joint venture of Blackstone and Embassy Group eyes Rs 52 bn through listing of 33 mn sq ft of office space
 "India's first REIT is here: Embassy Office Parks proposes to raise Rs 52 bn")
Months before launch, domestic investors still sceptical about REITs
The main problem for REITs appears no longer to be a regulatory logjam but rather how to price the assets at a level that will appeal to both sponsors as well as REIT investors, report said
 "Months before launch, domestic investors still sceptical about REITs")