Tag: REITs

Industry

Sebi board clears measures to enhance ease of doing business for REITs, InvITs, merchant bankers

NEW DELHI: Markets regulator Sebi board on Wednesday approved measures to enhance the ease of doing business for the activities of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). Also, Sebi has permitted merchant bankers to carry out activities falling outside the purview of the regulator under the same firm. This is subject to certain conditions. Regarding approved regulatory framework for REITs and InvITs, Sebi said that the related parties of the REIT/InvIT and the related parties of the sponsor, investment manager/manager, and project manager would not be considered as “public” unless such related parties are Qualified Institutional…

Latest StoriesRecent Stories

Singapore’s CapitaLand Ascendas REIT to buy two properties for $543.6 million

BENGALURU: Singapore’s CapitaLand Ascendas REIT said on Wednesday it will acquire a data centre and a premium business park property in the city-state for a combined S$700.2 million ($543.63 million). The REIT said the acquisitions will increase the value of its Singapore portfolio by 6% to approximately S$11.7 billion. Both properties are fully leased to “reputable tenants”, the company added, guaranteeing stable and predictable income streams. The data centre is being acquired at a 2.2% discount to its average independent market valuation as of May 15, while the business park asset is being bought at a 7% discount to its…