Blackstone-backed Mindspace Reit readies Rp45bn IPO

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By Jonathan Breen
20 Jul 2020

Mindspace Business Parks Real Estate Investment Trust is ready to take India's nascent Reit market further with the country's second listing from the asset class.

Mindspace Business Parks, owned by private equity firm Blackstone and K Raheja Group, is aiming to raise Rp45bn ($600.7m) from a deal that could hit the market as soon as this month.

The float will comprise Rp10bn in fresh equity and Rp35bn in secondary units to be sold ...

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