Khaitan & Co has acted as legal counsel to 360 ONE Alternates Asset Management on its strategic ₹700 crore investment in Knowledge Realty Trust, a commercial real estate investment trust (REIT) sponsored by Blackstone.
The investment forms part of Knowledge Realty Trust’s ₹1,400 crore pre-IPO capital raise, supporting its portfolio expansion and governance structure ahead of its proposed listing on Indian stock exchanges.
Also read: Khaitan & Co Advises TVS Capital on INR 475 Crore Series A Investment in Saarathi Finance
Deal Overview
| Feature | Details |
|---|---|
| Investor | 360 ONE Alternates Asset Management |
| Target | Knowledge Realty Trust (sponsored by Blackstone) |
| Legal Counsel | Khaitan & Co |
| Investment Size | ₹700 crore |
| Total Round | ₹1,400 crore Pre-IPO Placement |
| Sector | Real Estate Investment Trusts (REITs) – Commercial Assets |
Parties Involved
Investor: 360 ONE Alternates is the alternative investment arm of 360 ONE (formerly known as IIFL Wealth). It focuses on private capital and alternatives, managing diverse assets across private equity, credit and real estate.
Target: Knowledge Realty Trust is a commercial REIT platform backed by Blackstone, one of the world’s largest alternative asset managers. The REIT focuses on high-quality commercial real estate assets.
Legal Counsel to Investor: Khaitan & Co acted exclusively for 360 ONE Alternates, providing comprehensive legal support on investment structuring, due diligence, transaction documentation, and regulatory compliance.
Khaitan & Co Deal Team
The Khaitan team advising 360 ONE Alternates included:
Abhishek Dadoo (Lead Partner)
Jayantika Khanna (Principal Associate)
Krithika Kataria (Associate)
Niyati Karia (Associate)
The team covered investment structuring, documentation, and compliance with SEBI’s REIT framework.
Key Transaction Highlights
The investment forms part of Knowledge Realty Trust’s total ₹1,400 crore pre-IPO fundraising, strengthening its balance sheet and supporting portfolio expansion.
The REIT aims to list on Indian stock exchanges, offering public market investors access to high-quality commercial real estate assets.
The transaction reaffirms 360 ONE Alternates’ strategy of participating in large-scale real assets with visible growth potential.
Strategic Significance
This transaction illustrates how India’s REIT market continues to deepen with strong institutional backing. Private placements like this help sponsors like Blackstone consolidate ownership, expand their asset base and strengthen governance before going public.
For 360 ONE Alternates, this investment aligns with its commitment to back high-quality commercial real estate platforms and add steady, long-term income-generating assets to its alternatives portfolio.
Why It Matters
India’s REIT market is evolving rapidly as an institutional asset class, providing an efficient capital-raising avenue for developers and sponsors while giving investors access to high-grade commercial real estate with transparency and regulatory oversight.
Pre-IPO placements from leading alternatives managers bring credibility, governance depth and anchor capital — all critical for a successful public listing.
As India’s commercial REIT sector expands, strategic anchor investments like 360 ONE Alternates’ ₹700 crore infusion signal strong institutional appetite for income-generating real assets.
Also Read: Khaitan & Co Advises TVS Capital on INR 475 Crore Series A Investment in Saarathi Finance
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Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.
