350 mn sq ft office space worth $60 bn to get SM-Reit listing by 2026: CBRE

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Around 350 million square feet of prime office space, valuing more than USD 60 billion, will become eligible by 2026 to get listed as Small and Medium Real Estate Investment Trusts (SM-REITs), according to CBRE.

As per the report, the total completed office stock in India currently stands at over 800 million square feet, of which REIT-listed office inventory is over 88 million square feet.

Real estate consultant CBRE on Thursday released its report titled, 'Navigating the SM REIT Landscape - A Look at Regulations and Implications'.

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Category: BusinessFinance

Markets: India

Topics: Office space SM-REIT listing Sebi CBRE Small and Medium Real Estate Investment Trusts Securities and Exchange Board of India

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 19:54:48 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 402 words

Reading Time: 3 minutes read

Sentences: 12 lines

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Copyright Owner: © Business Standard

News ID: 22376630

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