News From Press All eyes on Embassy Office Parks REIT listing

All eyes on Embassy Office Parks REIT listing

Source: The Hindu BusinessLine Mar 30, 2019

Monday will see a new asset class — real estate investment trust — entering the trading platform at the stock exchanges. Blackstone-backed Embassy Office Parks REIT will be listing on the bourses on April 1.

The Embassy Office Parks REIT, a joint venture between the Bangalore-based property developer and private equity firm Blackstone, closed on March 20, subscribed 2.57 times; through the issue, it raised ₹4,750 crore at an issue price of ₹300/unit. The market lot is 400 units.

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