IPO-bound Knowledge Realty Trust bets over high GCC question, eyes acquisitions

Copyright © HT Digital Streams Limit all rights reserved. Realty. Summary KRT will be the second largest reit of Asia by size and India’s largest with the gross asset value (approximately £ 62,000) and net operating income, which owns 46.3 million square meters of 29 assets in six cities – Mumbai, Bengaluru, Hyderabad, Gurugram and Gift City, Ahmedabad. Bengaluru: Knowledge Realty Trust (KRT), a real estate investment trust (REIT) that will start its initial public offer (IPO) on August 5, had a major demand from global capacity centers (GCCS) and is acquiring third -party growth, senior officials said on Wednesday. The KRT Reit, sponsored by Bengaluru-based developer Sattva Developers and Brep Asia SG L&T Holding, a Blackstone portfolio company, will increase £ 4,800 through the bursary trading. It closed a pre-IPO round in June, which collected £ 1400 crore. KRT corrected the price tape for the expense at £ 95-100 per unit. The minimum bid size is £ 15,000, and the problem closes on August 7. The total return from the pre-IPO and the IPO is used for debt repayment, which will then be reduced to £ 12,000. Also read: DLF sets foot in Mumbai with Maiden Project “After repayment of £ 6,200 crore, we will have enough dry powder to make third-party acquisitions from other developers,” Shirish Godbole, CEO, CRT, told Mint. Rental mix “The most important distinction in the KRT Reit is the well -located asset profile. About 29% of our portfolio is dedicated to front offices. Bengaluru, Hyderabad, Chennaii, Gurugram and Gift City, Ahmedabad. From GCCs. Tenant Base for Office Space in India, which regains their real estate footprint. Less than 5% of KRT’s portfolio exposure is after IT services. Years, many of them have induced pandemics. But with the office market turning around in terms of higher leasing and improved occupancy levels, they are getting more acceptance. We have the lowest loan-to-value ratio (LTV) under all the listed (REIT) peers, which give us space and the flexibility to grow and acquire new assets. “Ltv is the debt borrowed compared to the underlying asset value, and is an indicator of financial risk. As part of its inorganic growth, KRT also has 6.7 million squares with the right side of the first offer (ROFO). To demonstrate how the right collaboration can create something truly exceptional, while Premium Office Real Estate is accessible to all investors, said Bijay Agarwal, managing director, Sattva. Blackstone participated in three of the four Reit’s listed in India. off to get daily market updates and live business news.