Embassy Office Parks

"Our overall philosophy on co-working has been that it is an amenity for our business parks and occupiers", said Khdloya

A large part of the rise in the fortunes of these realty barons is attributed to a rally in the real estate stocks at the bourses. For the year under review, the BSE Realty index gained 55 per cent

Embassy Office Parks REIT on Tuesday said it has raised Rs 300 crore through issue of non-convertible debentures on a private placement basis to refinance existing debt.

Occupancies may fall 100-200 bps in the coming quarters

Embassy Office Parks REIT to refinance an existing debt of its IT park 'Embassy TechVillage' in Bengaluru

Embassy Office Parks REIT has raised Rs 3,680 crore ($501 million) through sale of units to institutional investors and will use this amount to partly fund its acquisition of IT park in Bengaluru

The TechVillage sale for $1.3 bn was the country's single largest commercial property deal, and made Embassy REIT the largest in Asia by office space

While the Covid-19 pandemic has resulted in an uncertain near-term outlook for many businesses worldwide, Holland said Embassy REIT is uniquely positioned to weather the pandemic

Embassy REIT's CEO Michael Holland said the company has reported another strong quarter of performance

Embassy Office Parks, a joint venture between global investment firm Blackstone and realty firm Embassy Group, had raised Rs 4,750 crore through REIT

A Reit allows investors to take ownership in a yield-generating commercial real estate properties, such as office buildings or shopping malls