Blackstone has initiated work on internal processes like identifying assets but investment bankers are likely to be onboarded by February
Blackstone Group is reportedly planning to list India’s first retail properties-centred real estate investment trust (REIT) valued at about $2.2-2.5 billion.
As per the report, Blackstone’s portfolio of income-producing retail assets is estimated to be valued at about $2.5 billion or Rs 18,750 crore.
According to the report, the portfolio of retail properties for the REIT will be a combination of its subsidiary Nexus Malls and the assets acquired through a $1.5-billion deal with Prestige Group.
Read more/Source: Money Control
