Blackstone, Brookfield plan investment trusts in India, strengthen assets

Topics Blackstone Group | Brookfield | REIT

Blackstone and Brookfield Asset Management, two of the world’s largest private equity (PE) investors, are planning to float multiple real estate investment trusts (REITs) from their portfolios and get them listed, said people in the know. While Brookfield’s maiden public issue could materialise by end-2020, Blackstone’s joint ventures could hit the market in 2021, they added. Brookfield is likely to file its draft red herring prospectus (DRHP) for its maiden REIT in three months. It plans to raise $700 million, according to the people. The Canadian investor is said t.....

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