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City-based realty player Sattva Group and Blackstone, an alternative asset manager, has filed papers for the largest Real Estate Investment (REIT) in India to raise up to ₹6,200 crore.
According to a draft offer document filed on Thursday, this would include combined assets of Sattva and Blackstone’s Nucleus Office Parks, a total leasable space of 48 million sq ft. Blackstone will hold a 55% majority stake, while Sattva will retain the remaining ownership of this REIT, Knowledge Realty Trust.
The REIT’s portfolio spans six cities making it India’s geographically diverse office REIT, including Mumbai, Bengaluru, Hyderabad, and Pune, with 30 office properties, as per the filing.
Published – March 06, 2025 10:38 pm IST
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Sattva Group, Blackstone file draft offer document for a REIT IPO to raise ₹6,200 crore
