Realty Income to buy commercial property landlord VEREIT for about $11 billion – ET RealEstate

BENGALURU: Realty Income Corp said on Thursday it would buy commercial property landlord VEREIT Inc for about $11 billion and spin off office properties of both companies into a publicly traded REIT. VEREIT shareholders will receive 0.705 shares of Realty Income stock and will own 30% of the combined company, while Realty shareholders will own […]

Embassy Office Parks REIT’s net profit dips 19% in Q4 FY21 – ET RealEstate

NEW DELHI: Embassy Office Parks REIT reported a dip of 19% in its net consolidated profit during January-March 2021. Its profit after tax (PAT) stood at Rs 46.70 crore in Q4 FY21 as against Rs 57.80 crore it recorded in the similar quarter last year, the company said in a BSE filing. The company’s net […]

Embassy REIT expedites office property construction – ET RealEstate

Embassy REIT has said that large corporate clients have started soliciting request for proposals (RFPs) for 2023-24 and the company has expedited construction to meet future office space demand. ‚ÄúThis is the opportunity to build the product and keep it ready. We are constructing 57 lakh sq ft in Pune, Bengaluru and Noida with the […]

Tata Realty plans to list 20-million-sq-ft commercial assets portfolio as REIT – ET RealEstate

MUMBAI: Tata Realty & Infrastructure (TRIL) is planning to list its Real Estate Investment Trust (REIT) with around 20-million-sq-ft of commercial assets in the next couple of years. The real estate development arm of Tata Group is looking to expand the size of its commercial portfolio to over 20 million sq ft from current ready […]

Mindspace Business Parks REIT rises nearly 11% in debut trade – ET RealEstate

NEW DELHI: Mindspace Business Parks REIT made its market debut on Friday, with a premium of nearly 11 per cent against its issue price of Rs 275 per unit. The units of the REIT listed at Rs 304, reflecting a gain of 10.54 per cent from the issue price on the BSE. Later, it touched […]

Embassy Office Parks REIT reports rental collections of 97% in Q1 FY21 – ET RealEstate

BENGALURU: Embassy Office Parks, India’s first listed real estate investment trust (REIT) and the largest in Asia by area, said on Monday its rental collections for the first quarter (April to June) from office occupiers remained robust at 97 per cent. The office rental collections were 98 per cent in April and May, and 95 […]