Many Chinese firms are expected to shift their fundraising plans to Hong Kong following measures by the mainland’s market regulator to support initial public offerings in the city, analysts say.
Under the deal, Blackstone will pay $39.12 for each share of the real estate investment trust, representing a premium of about 25% to its closing price on Friday. Shares of the REIT jumped about 23%.
(Bloomberg) -- The stocks of apartment landlords staged the biggest rally in nearly four months after Blackstone Inc., the world’s largest commercial real estate owner, stepped up its bet on the industry. Most Read from BloombergTrumpism Is Emptying ChurchesWhy India’s South Rejects Modi — And Why It MattersRBC Fires CFO Ahn After Probe Into Personal RelationshipGermany to Order Ships, Armored Vehicles Worth Up to €7 BillionYellen Implores China to Rethink Economic Growth StrategyAn index tracki
Listed in April 2019, Embassy REIT owns and operates a 45.4 million square feet portfolio of nine infrastructure-like office parks and four city centre office buildings in Bengaluru, Mumbai, Pune, and the National Capital Region (NCR)
President of Blackstone believes India has benefited from diversification of supply chains in Asia and a growth-focused government that has helped usher in reforms such as GST, IBC and REITs
Rexford Industrial Realty: Rexford has acquired about 3 million square feet of industrial properties located in Southern California for about $332 per square foot on average.