Tata Realty planning office projects, REIT with StanChart PE.

Tata Realty and Infrastructure Ltd. (TRIL), a subsidiary of Tata Sons Ltd., and its new investor partner, Standard Chartered Private Equity, plan to build commercial office projects and list the assets through a real estate investment trust (REIT), said a top company executive.

Under a recently inked partnership between the two, Standard Chartered has committed about Rs. 800 crore and TRIL will invest Rs. 1,800 crore, and the two will jointly scout for new development opportunities.

The partners will put in the money on a project-to-project basis, where Standard Chartered will have 30% stake and the remaining will belong to TRIL. “We are jointly exploring and identifying various investment options and will finalize the first project either in Mumbai or NCR (National Capital Region),” said TRIL’s managing director Sanjay Ubale.

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