India sets the pace for new REIT listings in the region

Mumbai – 11 July 2019 – India’s first ever real estate investment trust, Embassy Office Parks REIT, marked its debut with a sterling performance, outpacing regional peers in Singapore and Japan. The Blackstone-backed offering has risen 21% since its listing in April, as a low rate environment and hunger for exposure to India’s commercial real estate fuel investor interest.

Michael Holland, Chief Executive Officer, Embassy Office Parks said, “Demand for office spaces continues to be robust as global corporations remain keen to draw on the country's large talent pool and cost advantages. Considering the availability of talent, favourable demographics and economic potential, India remains significantly underserved in terms of real estate. This in turn augurs exceptionally well for institutional quality office space.”
This has spurred a rush by global funds to capitalize on the country’s long-term structural fundamentals as demand for commercial office spaces and shopping malls continue to grow. According to Real Capital Analytics, cross border investments in India's real estate assets are on track for another banner year, after a close to 40% surge in the first half of the year. 

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