The Blackstone Group has plans to list its own marquee income-producing commercial assets in India and office properties jointly owned with the Embassy Group under its REIT, according The Economic Times.
The REIT, registered in 2017 as Embassy Office Parks, is sponsored by Blackstone and Bengaluru-based realty developer Embassy Property Developments. It is currently in the process of filing the draft red herring prospectus for the REIT.
The Blackstone-Embassy alliance is expected to raise approximately $1 billion through this issue, which will be India’s maiden REIT.
