Blackstone JVs gear up for Reits; to file prospectus by December

Blackstone-Embassy group JV to file prospectus by September, and Blackstone-Panchshil by December

Two joint ventures (JV) of Blackstone in the real estate sector are looking to file prospectus for Real Estate Investment Trusts (Reits) by the end of this year, said sources.

The Blackstone-Embassy group JV is looking to file prospectus by September this year, while Blackstone-Panchshil is looking to file the same by December, sources said.

The Blackstone Embassy combine has filed for the registration of the trust with Sebi which is the second step after filing for intent papers, sources in the JV said.

“Since the Sebi and the government have resolved most of the contentious issues, we can go