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Tag: Embassy REIT

Home ยป Embassy REIT

Current News
By Harini BalasubramanianJuly 25, 2024

Embassy REIT leases 1.9 msf in Q1 FY2025, up 70% YoY

July 25, 2024: Embassy Office Parks REIT has leased 1.9 million square foot (msf) across 22 deals at 11% leasing spreads, according to the results reported by the company for the first quarter ended … READ FULL STORY

Current News
By Harini BalasubramanianJune 3, 2024

Embassy REIT announces completion of Chennai Asset Acquisition

June 3, 2024: Embassy Office Parks REIT, Indiaโ€™s first listed REIT and the largest office REIT in Asia by area, announced today that it has completed the acquisition of Embassy Splendid TechZone (โ€˜ESTZโ€™), a … READ FULL STORY

Current News
By Harini BalasubramanianApril 25, 2024

Embassy REIT records total leases of 8.1 msf in FY2024

April 25, 2024: Embassy Office Parks REIT recorded its highest-ever leasing of 8.1 million square foot (msf) across 99 deals in the financial year 2024 (FY2024), including pre-leasing of 2.4 msf across four large … READ FULL STORY

Current News
By Sunita MishraMarch 20, 2024

REITs in India distributed over Rs 15,500 cr in 5 years: Industry report

March 20, 2024:ย Indiaโ€™s REIT market has shown noteworthy growth since its inception in 2019 with over Rs 1,30,000 crore in gross assets under management (AUM), a market capitalisation of over Rs 85,000 crore and … READ FULL STORY

Current News
By Housing News DeskOctober 26, 2023

Embassy Office Parks REIT revenue grows by 4% YoY to Rs 889 crore

October 26, 2023: Indiaโ€™s first listed REIT and largest office REIT in Asia by area, Embassy Office Parks REIT posted results for the second quarter that ended September 30, 2023. As per the regulatory … READ FULL STORY

Current News
By Housing News DeskOctober 6, 2023

Embassy REIT leases out 1.94 lakh sqft office space in Mumbai

October 6, 2023: SMFG India Credit Co, part of Japanese conglomerate Sumitomo Mitsui Financial Group (SMFG), and Singaporeโ€™s Fullerton Financial Holdings (FFH) together signed a lease agreementย  with Embassy REIT for a 1.94 lakh … READ FULL STORY

Current News
By Housing News DeskJune 16, 2023

Embassy Reitโ€™s education initiative in Pune benefits over 400 students

June 16, 2023: Embassy Office Parks Reit on June 15 said it would continue to fund infrastructure upgrades at Puneโ€™s Zilla Parishad Primary School in Marunji. โ€œIn addition to the construction of the new … READ FULL STORY

Commercial Realty
By Sunita MishraJune 16, 2023

Embassy Group sells 4% stake in Embassy Office Park REIT to Bain Capital

Embassy Property Developments sold 4% of its shareholding in the Embassy Office Parks REIT (Embassy REIT) to Bain Capital, the company said in a statement on March 3, 2023. ย The deal included sale of … READ FULL STORY

Property Trends
By Housing News DeskMarch 14, 2023

17th PropertyGuru Asia Property Awards Grand Final honours the best real estate developers, projects

PropertyGuru Group (NYSE: PGRU), Southeast Asiaโ€™s leading property technology company, today announced the regional winners representing the Best in Asia at the 17th Annual PropertyGuru Asia Property Awards Grand Final, presented by Kohler and … READ FULL STORY

Property Trends
By Harini BalasubramanianDecember 9, 2022

Embassy REIT gets LEED certification for all properties

Embassy Office Parks REIT has been certified by Green Business Certification Inc. (GBCI) for operating and maintaining the worldโ€™s largest USGBC LEED Platinum v4.1 O+M certified office portfolio in India. It has received this … READ FULL STORY

Property Trends
By Ravi SinhaMay 24, 2023

What makes REITs in India a preferred choice for investors?

At a time when there are so many question marks over office space portfolios following the Coronavirus pandemic, which has forced companies to opt for the work-from-home (WFH) model, the success and investorsโ€™ appetite … READ FULL STORY

Commercial Realty
By Housing News DeskJanuary 24, 2023

Embassy REIT raises Rs 750 crores through NCDs

Indiaโ€™s first listed real estate investment trust (REIT), Embassy Office Parks, has raised Rs 750 crores through an issue of non-convertible debentures (NCDs) at 6.70% quarterly coupon rate, it said in a BSE filing, … READ FULL STORY

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