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Search resuls for: "Mindspace Business Parks REIT"


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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMindspace Business Parks REIT CEO sees 'all-time record' for office REITSRamesh Nair, CEO of Mindspace Business Parks REIT talks about enhancing shareholder returns through increasing occupancy levels, and how RBI's impending rate cuts will benefit profitability going forward. He notes that even is there is a slowdown in U.S. markets, global capability centers in India are compensating for this trend.
Persons: REITS Ramesh Nair Organizations: Parks REIT, Mindspace Business Parks REIT Locations: India
It is the largest office REIT in Asia by area. Shares in the Embassy REIT closed at 354.42 Indian rupees on Friday in Mumbai, giving it a market capitalisation of $4.15 billion. Blackstone currently has a 32% stake in the Embassy REIT and at the current market value the proposed sale by Blackstone would represent 7.2% to 9.6% of its stake, according to Reuters calculations. ADIA INTERESTADIA is likely to pick up about $200 million of Blackstone's stake sale, with talks also ongoing with other possible investors, the first source said. For ADIA, the investment would expand its interest in the Indian office market.
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