New Delhi, Mindspace Business Parks REIT has raised Rs 650 crore from the International Finance Corporation by issuing sustainability-linked bonds.The company will use the fund primarily to refinance existing loans.In a regulatory filing on Tuesday, Mindspace REIT announced its...
Bengaluru, Embassy Office Parks REIT has completed the acquisition of a 50 lakh sq ft business park in Chennai for Rs 1,185 crore as part of its strategy to expand its office property portfolio and grow its business.The acquisition was funded through a loan of Rs 1,200 crore.In a regulatory...
New Delhi, Brookfield India Real Estate Trust (BIRET) on Thursday reported 8 per cent rise in its adjusted net operating income to Rs 460.8 crore during the March quarter and announced a distribution of Rs 208.6 crore to unitholders.Its net operating income (NOI) in the year-ago period stood...
New Delhi: Rating agency ICRA has estimated that around 530 lakh sq ft of office space is eligible for small and medium REIT (SM-REIT) listing, creating a monetization opportunity of Rs 67,000-71,000 crore.In November last year, the SEBI board approved amendments to the REIT Regulations, 2014...
New Delhi, Mindspace Business Park REIT on Tuesday reported 9 per cent rise in net operating income (NOI) to Rs 476.8 crore and announced distribution of Rs 282.9 crore to unitholders for March quarter FY24.The company's NOI is expected to grow 12 per cent to ₹ 1,895.9 crore in 2023-24...
New Delhi: The board of co-working firm EFC (I) Ltd has approved a proposal to set up an entity that will act as investment manager for small and medium real estate investment trusts (SM REITs).Pune-based EFC (I) Ltd, which is listed on BSE, has over 35 centers across seven states –...
New Delhi, Embassy Office Parks REIT on Thursday reported 13 per cent rise in its net operating income to Rs 765.6 crore and announced a distribution of Rs 494.8 crore to unit holders in the fourth quarter of the last financial year.Its net operating income in the year-ago period stood at Rs...
NEW DELHI: Investment vehicles for the realty and infrastructure sectors - REITs and InvITs - have raised Rs 1.3 lakh crore in the last four years to the end of March, and are expected to raise more funds, the Reserve Bank of India said in a report. will gain help in.Experts and stakeholders...
Chennai, Embassy Real Estate Investment Trust, which owns and operates 45. million sq ft office infrastructure, has agreed to acquire Embassy Splendi Techzone from Embassy sponsor at an enterprise value of Rs 1,269 crore for its entry into the Chennai market. Have agreed. To finance the...
New Delhi, Embassy Office Parks REIT on Saturday announced the acquisition of a business park for Rs 1,269 crore and plans to raise Rs 2,500 crore mainly by selling units to investors to finance the acquisition.In a regulatory filing, Embassy REIT said it has agreed to buy Embassy Splendid...