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Construction : Real Estate Update | June 2016 | Source : CW-India

Everstone CapitalĀ“s assets valued at $2.5 bn listed as a REIT

Everstone Capital will list its warehousing and logistics assets valued at $2-2.5 bn as a Real Estate Investment Trust (REIT). Aiming to raise more than $3 bn over the next four years through IndoSpace, under which it owns 8.5 mn sq ft of industrial property, and 20 mn of under-construction warehouses that will be completed in three years, the fund will invest $1-1.5 bn in developing 40 mn sq ft of warehouses over five years.
Contact: Everstone Capital.
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