Blackstone-backed Bagmane Prime Office lines up Rs 4,000-cr REIT issue

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Blackstone and Bagmane Group-backed Bagmane Prime Office REIT has filed draft papers for a Rs 4,000 crore REIT issue, which would become India’s sixth listed REIT. The portfolio is anchored in Bengaluru and includes about 20 million sq ft of Grade A office space, with nearly 98% occupancy.