InvestorQ : What is the latest on the Brookfield REITS IPO?
Archita Jajjoo made post

What is the latest on the Brookfield REITS IPO?

image
Niti Shenoi answered.
4 weeks ago
Follow

Brookfield Asset Management of Canada has filed a draft offer document with SEBI to employ the REITS route to monetise its Indian rental assets. It is proposing a Rs.4000 crore IPO for its REITs product against its India rental properties.

If it goes through, it will only be the third REIT offering in India after Embassy Office Parks REIT last year and the recent IPO of Mindspace REIT. Both, Embassy Office Parks and Mindspace are jointly backed by Blackstone.

The IPO is planned around late 2020 or early 2021. It is expected to be a combination of fresh issue and OFS.

1 Views