Page 5 - Reit

Tata Realty and Infrastructure looks to launch REIT after 2-3 years

Tata Realty and Infrastructure Ltd will scale up its commercial real estate portfolio to at least 12 million square feet over the next 2-3 years before considering launching real estate investment trust (REIT) public issue to monetise its rent-yielding office assets. In an interview with PTI, the company's Managing Director (MD) and Chief Executive Officer (CEO) Sanjay Dutt said the company has 7 million square feet of rental commercial portfolio, almost all are office assets, and it is making huge investments on expansion. On Saturday, Tata Realty announced an investment of Rs 5,000 crore over the next 7-8 years to develop a 7 million square feet IT park project in Navi Mumbai in partnership with UK-based investment firm Actis. Asked whether the company would at some stage look at floating REIT public issue, Dutt said: "We will. We already have 7 million square feet. So, technically we can do it (REIT) today." "But we are thinking that over the next 2-3 years once we scale up our

Brookfield India REIT declares Rs 180-cr dividend for Sept quarter

The country's first publicly traded real estate investment trust (REIT) Brookfield India Real Estate Trust (BIRET) has declared a Rs 180-crore dividend payout for the September 2021 quarter

Brookfield India REIT operating income up 4% in June quarter to Rs 170cr

Company to distribute Rs 182 crore to unitholders

Mindspace REIT to distribute Rs 285 crore as dividend to unitholders

Mindspace Business Parks REIT on Friday declared a distribution of Rs 285.2 crore to its unitholders for the quarter ended March.

Fractional ownership is for deep-pocketed investors, say analysts

Most retail investors will be better off opting for a REIT

Brookfield REIT makes a tepid debut, units end 2% below issue price

Earlier this month, Brookfield Reit's Rs 3,800-crore IPO had garnered nearly eight times subscription

Mindspace Business Parks REIT third quarter net profit at Rs 140 crore

The firm declared a distribution of Rs 283.5 crore to unitholders

Blackstone in the final leg of talks to buy out Embassy Industrial Parks

Embassy has a long-standing partnership with Blackstone through their JV Embassy Office Parks, which has floated and listed a real estate investment trust (REIT)

Brookfield India Real Estate Trust IPO subscribed 77% on Day 2 of bidding

It received bids for 5,88,18,600 units against the 7,62,78,200 on offer, according to an update on the NSE

Budget 2021: More REIT, InvIT listings on the cards, say experts

Allowing debt financing by FPIs will reduce cost of funding, say experts

Brookfield launches Rs 3,800-cr IPO for its real estate investment trust

Brookfield is an alternative asset manager

Will commercial real estate market rebound to pre-pandemic levels in 2021?

2021 should be a year in which commercial asset story will continue to grow and lead the recovery in the real estate sector post pandemic

PM Modi backs farm laws, says farmers have started getting their benefits

Says country is firmly behind him as his government makes new laws and repeals archaic ones

Mindspace REIT raises Rs 200 crore through issue of debentures

The issue was on a private placement basis

Mindspace REIT to raise up to Rs 200 cr through debentures issue

Mindspace Business Parks is India's second REIT (Real Estate Investment Trust), and got listed this year after a successful launch of public issue of about Rs 4,500 crore.

DLF rental arm's REIT issue size may be far bigger than previous issues

DLF arm's REIT could come out in 12-15 months, DLF director Ashok Tyagi said in a conference call last week

DLF-GIC joint venture to be ready for launch of its REIT in 15-18 months

Realty major DLF's rental arm has started the process of structuring its rent-yielding commercial assets in REIT form but the timing to launch the public issue will be decided by the promoters

Brookfield REIT issue may spur investment, demand in commercial real estate

Brookfield's proposal to launch REIT public issue for raising over Rs 4,000 crore augurs well for the future of India's office market, according to realty experts.

Sebi allows REITs and InvITs to list on bourses operating in IFSC

In a circular, Sebi said units of InvITs and REITs meeting certain conditions may be permitted to list on stock exchanges operating in the IFSC

Blackstone, Brookfield plan investment trusts in India, strengthen assets

Global rivals go for joint ventures, plan to list investments by next year.