Page 5 - Reit

Mindspace REIT net operating income rises 16.8 % YoY on strong leasing

The company also raised Rs 100 crore through the issuance of commercial papers

Blackstone in talks with Bain to sell $480 mn stake in top REIT: Report

A deal would mark US-based Bain's first REIT investment in India where office space is drawing in investors as many workers have returned to offices with the waning of the Covid-19 pandemic

Blackstone-backed Nexus files for $500 mn IPO in 1st retail REIT offer

Global investment firm Blackstone-sponsored Nexus Select Trust filed the draft paper with market regulator SEBI on Thursday to launch India's first public issue of retail REIT to raise around USD 500 million, sources said. Nexus Select Trust has a portfolio of 17 operational shopping malls across 14 major cities, covering about 10 million square feet area valued around USD 3 billion. As per the sources, Nexus Select Trust has filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) and is looking to hit the capital market with India's first retail REIT (Real Estate Investment Trust) public issue in the first half of 2023 calendar year. The size of the initial public offer (IPO) of Nexus Select Trust REIT will be around USD 500 million, they added. This will be the third REIT sponsored by the Blackstone. It had earlier launched India's first REIT -- Embassy Office Parks REIT-- and then Mindspace Business Parks REIT. The REIT, a popular ..

Mindspace REIT net operating income rises 16% in Q2 on strong leasing

Company's debt-to-market value stood at 16.8 per cent while the gross asset value of the portfolio increased by 3.3 per cent over March 2022 to Rs 27,300 crore

India may soon get first Real Estate Investment Trust of retail assets: JLL

India is expected to get its first Real Estate Investment Trust (REIT) of retail assets soon as institutional investors and developers look to monetise their rent-yielding space in shopping malls, according to JLL India. REIT, a popular instrument globally, was introduced in India a few years ago to attract investment in the real estate sector by monetising rent-yielding assets. It helps unlock the massive value of real estate assets and enable retail participation. At present, there are three listed REITs - Embassy Office Parks REIT, Mindspace Business Parks REIT and Brookfield India Real Estate Trust - on Indian stock exchanges but all these are of leased office assets. Property consultant JLL in its latest report on retail real estate segment highlighted that institutional investment in the retail sector has been picking up since 2021. More than USD 862 million investments have come from 2021 (excluding portfolio deals). Many global investors are investing in the retail sector .

Ministry of Railways to monetise redeveloped stations through REITs

The decision assumes significance as MoR has been lagging behind in achieving its targets under the National Monetisation Pipeline (NMP) of the Centre, during the last fiscal year

PE inflows to real estate sector shrank 32% in FY22, says Anarock

Sans portfolio deals, average ticket size reduced to $93 million

Blackstone to buy Preferred Apartment Communities in $5.8 billion deal

The world's biggest alternate asset manager will pay $25 per share for the rental apartment owner, the report said.

Mindspace REIT Q3 net operating income rises 4% to Rs 371.5 crore

Mindspace Business Parks REIT reported a 4 per cent increase in its net operating income to Rs 371.5 crore and declared distribution of Rs 275.2 crore for its unitholders for quarter ended in December

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