Blackstone and Sattva group sponsored property financial investment trust Knowledge Realty’s 4,800-crore IPO has actually been greenlighted by Securities and Exchange Board of India Trust and is set to open on August 5.
It will be the 2nd biggest REIT in Asia and India’s biggest based upon its gross possession worth of 62,000 crore, according to the prospectus submitted with the regulator.
Pre-IPO positioning
In June, the REIT had actually raised 1,400 crore in a pre-IPO positioning and financial investment banking sources stated that there was strong financier interest in it.
A considerable part of the funds being raised will be utilized to pay back financial obligations of the possession unique function automobiles and the financial investment entities.
Possession base
The REIT has a portfolio of 29 properties with an overall leasable location of 46 million square feet, spread out throughout 6 cities and over 450 occupants.
It owns homes such as ‘One BKC’ and ‘One World Center’ in Mumbai, ‘Knowledge City’ and ‘Knowledge Park’ in Hyderabad and ‘Cessna Business Park’ and ‘Sattva Softzone’ in Bengaluru.
It will be the 5th REIT in India and the 4th office-based REIT in the nation.
The 4 noted REITs– Embassy Office Parks, Mindspace Business Parks, Brookfield India Real Estate and Nexus Select Trust – together had a portfolio of 129 msf in FY25 and had possessions under management of over 1.63 lakh crore.
The very first REIT in India was released in 2019 and the 4 REITs together have actually cumulatively dispersed over 22,800 crore to their unitholders.
Released on July 28, 2025
