Canadian alternative investment manager Brookfield Asset Management is planning to raise $500 million to $700 million by listing an Indian REIT by the end of the current financial year, reported The Economic Times, citing two persons with direct knowledge of the development.
“The process for monetizing Indian assets through REIT listing by roping in investment bankers has already started. The proposed REIT is expected to be listed by March end,” said one of the sources.
In India, Brookfield owns and operates a portfolio of infrastructure and real estate assets, including 22 million square feet of office properties.
Recently, Mindspace Business Parks REIT, owned by K Raheja and Blackstone Group,
