Blackstone planning to launch another IPO for its REIT amounting to up to $1 billion
Blackstone has a proven track record of swiftly monetizing its real estate assets in India. In 2019, they launched Embassy Office Parks REIT, and a year later, they listed Mindspace Business Parks REIT in which they held a small stake that was subsequently sold off. The firm has also been preparing its mall portfolio for REIT conversion, successfully listing it this year.