Blackstone to raise $500-M through REIT IPO of Nexus Malls

Private Equity firm Blackstone is looking to appoint advisers for the USD 500 million initial public offering of Nexus Malls, a real estate investment trust which holds Blackstone's Indian retail portfolio. Blackstone is the biggest commercial real estate owner in India. It's a backer of Embassy Office Parks REIT which raised INR 47.5 Billion in its 2019 IPO.