$ 400 million in Prestige Estates GIC, QIA, ADIA wants to invest

GIC is a part. Reputation remains at 9% since the Bengaluru-based center released 436 crores within 900 crore QIP last month (which were treated differently in QIP).

BENGALURU: Singapore GIC, Qatar Investment Authority (QIA), and Abu Dhabi Prestige Estates Investment Management (ADIA) are chatting with Prestige Estates to support $ 4 million (SEK 2,880) as part of the homeowner who hopes to support it. His office and real estate business before moving to the REIT (real estate and real estate) list later this year, said a man familiar with the matter.

GIC is an important part. Reputation remains at 9% since the Prestige Estates Bengaluru-based center released 436 crores within 900 crore QIP last month (which were treated differently in QIP).

CEO Venkat Narayan said in a recent interview with analysts that the company is talking to traffickers. “There are 2, 3 big investors who have come to us and are also talking again with our pre-REIT colleagues. On behalf of REIT,” he said. January. Reputation declined to comment on the names of potential candidates. The GIC and QIA did not meet to discuss ADIA before receiving the report.

Investing in a loan not only helps a company reduce debt, but also increases cash value without having to borrow money anymore. The goal of moving to a mixed REIT business – a combination of business and commerce – is not the same as for different companies before the introduction of the REIT system for all products in the group. The REIT is listed as sponsored by leases and real estate, allowing developers to raise money by selling ready-made homes to investors. About 90% of the income is to be returned to the heirs as dividends.

The Prestige currently has 15 million fixed assets, including 11 million square feet of Class A office space and 4 million square feet of 10 large areas. According to a new retailer on its website, 36 other companies and 6.5 million product sales are in development. . Recently the company has also expanded to Mumbai.

The REITs have been popular in India since Blackstone, backed by the Parks embassy agency, publicly announced the country’s first state headquarters. In March, K Raheja Corp. and Blackstone also launched REIT, which aimed to raise $ 1,000 in new grants.

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