As much as 229 million sq ft of office space in India is compliant with REIT (Real Estate Investment Trusts). Even if half of this space were to get listed in the next few years, the total REIT listing could be worth Rs 1.25 trillion.
The first REIT listing is expected by June 2017. Well-known private equity funds such as Blackstone, Brookfield, Singapore’s GIC and the Canada Pension Plan Investment Board (CPPIB) are expected to be the first movers in this space. They are also the most likely to be successful in this endeavour, given the fact that they have a good portfolio of superior Grade A office spaces in tier-I cities.
Read more: Hindustan Times
