India: US-based Capital Group invests in Blackstone-Embassy JV's REIT

Photo by Jordan Donaldson on Unsplash

US-based investor Capital Group has come in as a strategic investor in Embassy Office Parks, India’s first real estate investment trust (REIT), by putting in Rs 876-crore (around $125 million), according to a Times of India report.

Sponsored by Blackstone and Bengaluru-based real estate developer Embassy Group the REIT is poised for a Rs 5,000-crore ($700-million) listing on the stock exchanges soon. The news report states that Capital will have a six-month lock-in once the REIT starts trading.

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