Blackstone, largest alternative assets manager in the world, is is exploring options to separately list its mall properties in the country as a real estate investment trust (Reit), said a source in the know. Blackstone owns three malls in the country, with a total area of two million sq ft. It wishes to buy more, said the source, who did not want to be named. An expert says its current mall portfolio would get a valuation of Rs 1,800 crore. “Blackstone is studying the options and will take a call on that in the coming months,” the source said. “The return on investments and investor class is different for office and retail assets.”
Read more: Business Standard
