Blackstone-backed Mindspace Reit seals Rp45bn IPO

By Jonathan Breen
30 Jul 2020

Mindspace Business Parks Real Estate Investment Trust wrapped up its Rp45bn ($601.3m) this week, treating India to its second listing in the asset class.

The trust launched a three-day bookbuilding for its IPO on Monday, with 163.9m units up for grabs at Rp274-Rp275 apiece, comprising Rp10bn in new stock and Rp35bn of secondary units provided by existing shareholders.

Mindspace made sure it started on a strong base, having allocated the majority ...

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