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Embassy partners Canadian fund to set up USD 500 mn platform to build commercial properties


Embassy partners Canadian fund to set up USD 500 mn platform to build commercial properties
NEW DELHI, Mar 2: Realty firm Embassy Group on Tuesday announced partnership with Canadian fund Ivanhoe Cambridge to set up a USD 500 million investment platform to develop commercial properties, primarily premium office space.
Ivanhoe Cambridge is a subsidiary of the Caisse de dépôt et placement du Québec, one of Canada’s leading institutional fund managers.
As per the agreement, Ivanhoe Cambridge will infuse USD 400 million and Embassy group USD 100 million in the platform.
The Embassy Group said in a statement that it has partnered with Ivanhoe Cambridge to “launch an investment platform focused on office business parks in campus based and mixed use environments in India”. ....

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Embassy Group and Ivanhoe Cambridge Launch a Commercial Real Estate Investment and Development Platform Across India and Close First Flagship Project in Bengaluru


Embassy Group
Embassy Group and Ivanhoe Cambridge Launch a Commercial Real Estate Investment and Development Platform Across India and Close First Flagship Project in Bengaluru
Tuesday, March 2, 2021 4:05PM IST (10:35AM GMT)
 
Bengaluru, Karnataka, India:
 
The platform will fund acquisition and development of sustainable office led business parks in key urban centres of India.
The platform will invest in sustainable business park campuses, aided by deep & quality talent pool, fuelling India’s growth as an innovation hub.
The platform will have investment capacity of US$ 500M from the two partners.
Embassy East Business Park to be the first flagship project of the platform; project spans 1.3 Million Sq. ft. across 9 acres and is located at Whitefield, Bengaluru.  ....

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