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Blackstone-Backed India REIT Wins Over Investors Amid Low Rates

Blackstone Group LP-backed Embassy Office Parks REIT has risen 21% since its listing, beating indexes that track REITs in Singapore and Japan.

By Dhwani Pandya | June 18, 2019 at 07:21 AM
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New Delhi, India

India’s first ever real estate investment trust has outperformed peers since its debut in late March, helped by a low interest rate environment that’s forcing investors to look elsewhere for yield.

Blackstone Group LP-backed Embassy Office Parks REIT has risen 21% since its listing, beating indexes that track REITs in Singapore and Japan.

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