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Edelweiss Alternatives acquired a 1.1-million-sq-ft IT park in Bengaluru from MFAR Developers, marking the largest buyout of office towers this year within Embassy Manyata. Subahoo Chordia manages the Rental Yield Plus Fund.
Blackstone's exit from Embassy REIT marked the second biggest block trade in FY24 so far.
The company projected 6 million square feet of total leasing and distribution in the range of Rs 20.5 to Rs 22 per unit in FY24.
Bengaluru (Karnataka) [India], April 27 (ANI/BusinessWire India): Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) ('Embassy REIT'), India's first listed REIT and the largest office REIT in Asia by area, reported results today for the fourth quarter and full year ended March 31, 2023. Vikaash Khdloya, Chief Executive Officer of Embassy REIT, said, "Despite global macro volatility, we're very pleased to achieve our highest ever leasing of 5.1 msf across a record 100 deals. India remains the world's preferred offshoring destination and continues to attract global b...
Bengaluru (Karnataka) [India], April 27 (ANI/BusinessWire India): Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) ('Embassy REIT'), India's first listed REIT and the largest office REIT in Asia by area, reported results today for the fourth quarter and full year ended March 31, 2023.