Several top PE firms and other investors have bought income-producing office assets across the country but the easy pickings seem to have run out. While their appetite remains intact, funds are faced with a shortage of good quality investible office space, and there seems to be a mad rush for what’s left. The biggest deal in the market today is the sale of DLF promoters’ 40% stake in the 26.8 million sq ft DLF Cyber City Developers and several large institutional investors such as Blackstone, Qatar Investment Authority, GIC, Brookfield Asset Management, Temasek, Canada Pension Plan Investment Board, Warburg Pincus and Kotak Realty Fund are expected to show interest in buying the stake.
Read more: Economic Times
