By IPE staff2021-03-03T00:25:00+00:00 Ivanhoé Cambridge has partnered with property developer Embassy Group to invest $500m (€413.6m) invest in office led business parks in India. The 80:20 joint venture between the C$64bn (€41.5bn) real estate subsidiary of the Caisse de dépôt et placement du Québec and the Indian property developer has been seeded with the first phase of the 60-acre Embassy East Business Park located in Whitefield Main Road in Bengaluru. The partnership will initially focus on the Southern Indian markets of Bengaluru and Chennai. Karim Habra, the head of Europe and Asia-pacific at Ivanhoé Cambridge, said: “This new venture with Embassy will allow us to reinforce our presence in India, a key country in our diversification strategy in Asia.