Embassy REIT, India’s First REIT, Says It Has Multiple Levers Of Growth

The 47.50 billion rupee ($690 million) initial public offering by the Embassy Office Parks REIT India’s first real estate investment trust was approximately 2.6 times oversubscribed on the last day of the offer on March 20, 2019. As of April 18, 2019, the REIT’s unit price has since risen over 10% from its debut price of Rs 300 on the National Stock Exchange and the Bombay Stock Exchange.

Investor Education is Critical for India’s REITs and InvITs to Thrive, Says APREA

India’s first Infrastructure Investment Trusts (InViTs) was listed in 2017. The country’s first Real Estate Investment Trust, Embassy REIT, made its debut in April this year. While India’s REIT market has growth potential, it “still has to ride the wave of teaching people what REITs are,” says Sigrid Zialcita, APREA’s newly appointed CEO.

Philippines' Ayala Land to raise $500 mln in country's first REIT

MANILA, April 24 (Reuters) - Philippine property developer Ayala Land Inc is looking to raise $500 million in the country’s first real estate investment trust (REIT) offering, officials said on Wednesday. 

A law allowing REITs was passed in 2009 but property firms shied away from it because of what was then seen as high public ownership requirement and unfavourable tax rules.