Golflinks Business Park, a property under Embassy Office Parks REIT. (Photo: Embassy Office Parks REIT)

The successful listing of India’s Embassy Office Parks REIT will uncover greater opportunities for real estate securitisation in the country, said industry stalwart Asia Pacific Real Estate Association (APREA).

Embassy REIT, which has been jointly established by a Bengaluru-based property developer and private equity firm Blackstone, has seen its initial public offering (IPO) oversubscribed by 2.5 times.

Once listed, the REIT will be Asia’s largest by leasable area, at about 33 million square feet.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.