Page 2 - Embassy Reit

Embassy REIT to vaccinate over 4,900 frontline staff across business parks

Embassy REIT on Friday said it plans to vaccinate over 4,900 frontline staff across its business parks

Embassy REIT, ANZ partner for 2nd govt school, to benefit 1,200 students

Embassy REIT, India's first listed REIT and the largest office REIT in Asia by area together with ANZ Banking Group, one of the world's largest multi-national banks and an occupier at Embassy Manyata Business Park, have strengthened their collaboration with the construction of a second school building, in Hegde Nagar, Bengaluru.The handover of the primary school building for Government Urdu Model Primary School will benefit over 600 plus pupils. The new building, delivered under Embassy REIT's Corporate Connect Program, was inaugurated today in the presence of V Anbukumar, Commissioner for Public Instruction, Krishna Byre Gowda, MLA - Byatarayanapura, Jitu Virwani, Chairman & Managing Director - Embassy Group and SV Venkatraman, Managing Director - ANZ Bengaluru Service Centre.The new school building spread over 15,000 sq. ft., was constructed with an investment of INR 4.50 crores. It houses 19 classrooms, a staff room, a library-cum-computer lab, a multipurpose hall, toilet ...

Brookfield India REIT sees tepid listing, debuts at Rs 279 per share

The initial public offer by Brookfield REIT got subscribed 8 times on the final day of subscription

Embassy Reit to invest Rs 2,300 cr to develop 5.7 mn sq ft office space

Says it sees an opportunity in the drop in overall supply in Bengaluru due to liquidity crunch

Embassy REIT third quarter profit declines 15% to Rs 215 crore

The firm announced Rs 2,300 crore investment over the next three years to develop nearly 6 million sq ft of commercial space

Blackstone in the final leg of talks to buy out Embassy Industrial Parks

Embassy has a long-standing partnership with Blackstone through their JV Embassy Office Parks, which has floated and listed a real estate investment trust (REIT)

Embassy REIT raises Rs 2,600 cr via debentures to refinance existing debt

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

Embassy Reit raises Rs 3,680 cr to fund acquisition of Embassy Tech Village

Listed in April 2019, Embassy Reit owns and operates a 33.3 million square feet portfolio

Top headlines: Govt moves to privatise shipping firm; a new unicorn is born

Business Standard bring you top news of the evening

Embassy REIT gets unitholders' approval to raise up to Rs 8,000 crore

In a regulatory filing, Embassy REIT said its unitholders have approved all the four resolutions with the requisite majority

Blackstone, Brookfield bet on Indian office REITs for attractive yield

Brookfield Asset Managem­ent in October agreed to pay $2 billion for 12.5 million square feet of rent-yielding offices and co-working spaces in Asia's No 3 economy

TechVillage deal done, Embassy to sell more assets to its listed REIT

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

Embassy Reit to acquire Embassy TechVillage in Bengaluru for $1.3 bn

This is the largest single property commercial deal in the country

Top headlines: Vaccine unlikely before mid-2021, few takers for debt recast

The Central bank has set up an Innovation Hub for the financial sector, last week, Trump asked his senior advisers whether he had options to attack Iran, this and more in today's top headlines

Blackstone-backed Embassy Reit eyes large office parks for acquisition

The Blackstone-backed Reit is looking at an asset size of anywhere between 2 million square feet to 10 million square feet for acquisitions

Embassy REIT Q2 profit flat at Rs 232 crore, revenue up 4% to Rs 540 crore

Embassy REIT reported a flat consolidated net profit in Q2 at Rs 232 cr and a 4% rise in revenue from operation at Rs 540 cr, and said it is looking to acquire large office parks for inorganic growth

Embassy REIT raises Rs 750 crore via non-convertible debentures

Embassy Office Parks REIT on Tuesday said it has raised Rs 750 crore by issuing debentures on private placement basis and will use the funds for completing ongoing commercial projects and recent acquisition. Embassy REIT is the country's first listed REIT (Real Estate Investment Trust) and the largest in Asia by area. It got listed in April last year after raising Rs 4,750 crore through public issue. In a filing to BSE, Embassy REIT said it has "successfully priced and allotted by way of a private placement, Rs 7.5 billionor Rs 750 crore of rupee-denominated, listed, rated, secured, redeemable, transferable non-convertible debentures (NCDs) at 6.70 per cent quarterly coupon". The NCDs will be listed on the Wholesale Debt Market of BSE. Following our successful Rs 7.5 billion fundraise in September 2020, we are pleased to announce another competitively priced debt raise by Embassy REIT," Michael Holland, CEO of Embassy REIT, said. This successful placement once again demonstrates t

Embassy REIT raises Rs 750 crore through debentures in September quarter

Embassy Office Parks REIT is the country's first Real Estate Investment Trust (REIT), which was launched last year to raise nearly Rs 5,000 crore.

Life sciences is the next logical area for India: Blackstone CEO

CEO Stephen A Schwarzman spoke to Pavan Lall in a video chat about the future of commercial realty in India, recovery from a global recession, India's return to growth path, Covid-19 vaccine and more

Embassy to merge assets with IBREL, create one of India's largest realtors

The proposed merger will be achieved through a cashless scheme of amalgamation