IndoSpace, a joint venture between Everstone Capital and industrial real estate firm Realterm, is in advanced stages of discussions with a clutch of marquee investors to raise funds through private real estate investment trusts (REIT). The report said that the potential gains from the REIT have attracted top global investors and that the transaction is likely to be closed in a few weeks. “Talks are at an advanced stage with these four funds. It is likely that a couple of them will write the cheque together, as it is a very large sum of money,” the report said citing one of the persons. The report also cited Sameer Sain, co-founder and managing partner of Everstone Group, as saying that the company was in the process of rolling its developed assets into a private REIT structure and that it was in talks with a few potential investors.
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