Hong Kong Stocks Are on Their Longest Winning Streak Since 2018
Hong Kong stocks are on their longest-winning streak since 2018, with a growing chorus of market watchers saying the worst of a years-long selloff is probably over.
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Hong Kong stocks are on their longest-winning streak since 2018, with a growing chorus of market watchers saying the worst of a years-long selloff is probably over.
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Dec 19, 2019
Bloomberg News
,Brookfield Asset Management Inc. is considering bundling its commercial real estate assets in India into a real estate investment trust for a listing next year, according to people familiar with the matter.
The Canadian asset manager has held discussions on a potential initial public offering of a property trust that could raise more than US$1 billion, said the people, who asked not to be identified as the discussions are private. Brookfield is considering including about 15 million square feet to 20 million square feet (1.9 million square meters) of real estate, one of the people said.
Brookfield, which manages more than US$500 billion assets globally, owns 22 million square feet of office properties in India, according to its website. Deliberations are at an early stage, and Brookfield could still decide against pursuing the transaction, the people said. A representative for Brookfield declined to comment.
A successful listing would follow the April debut of Embassy Office Parks REIT, backed by Blackstone Group LP. The REIT has gained about 41% since it started trading. Blackstone is also working with Indian developer K Raheja Group to prepare for an initial public offering of their joint commercial property portfolio, Bloomberg News reported in October.