New Delhi, April 30 -- Blackstone-backed Bagmane Prime Office Reit, which is set to launch its Rs.3,405-crore initial public offering (IPO) next week, expects strong leasing momentum led by global capability centres (GCCs) as it looks to acquire assets and grow its portfolio, CEO Richard Hugh Andrew said.

The IPO, which opens on 5 May, comprises an issue of fresh shares worth Rs.2,390 crore and an offer for sale (OFS) worth up to Rs.1,015 crore by a Blackstone affiliate. The proceeds from the new shares will be used to part-fund the acquisitions of Luxor at Bagmane Capital Tech Park, a million sq ft completed asset, and a 93% stake in Bagmane Rio Business Park, a 1.1 million sq. ft leased building.

India currently has four listed office...