Embassy REIT’s profit falls 15% to Rs 215 crore in Q3 FY21
NEW DELHI: Embassy Office Parks REIT on Friday reported a 15 per cent decline in consolidated net profit to Rs 214.79 crore for the third quarter ended December and announced Rs 2,300 crore investment over the next three years to develop nearly 6 million sq ft of commercial space. It also declared a distribution of […]
Embassy REIT raises Rs 2,600 crore via debentures to refinance existing debt
NEW DELHI: Embassy Office Parks REIT on Friday said it has raised Rs 2,600 crore through issue of non-convertible debentures to refinance an existing debt of its IT park ‘Embassy TechVillage’ in Bengaluru. In a regulatory filing at BSE, the company said it has “successfully priced and allotted by way of a private placement, Rs […]
Embassy REIT raises Rs 3,680 crore to fund acquisition of Embassy Tech Village
NEW DELHI:Embassy Office Parks REIT has raised Rs 3,680 crore (USD 501 million) through sale of units to institutional investors and will use this amount to partly fund its acquisition of IT park ”Embassy TechVillage” in Bengaluru. Embassy REIT is India”s first publicly-listed REIT (Real Estate Investment Trust) sponsored by Blackstone and Embassy group. It […]
Embassy REIT to acquire business park in Bengaluru for Rs 9,782 crore
NEW DELHI :Embassy Office Parks REIT on Tuesday said it has agreed to acquire a large business park ”Embassy TechVillage” in Bengaluru from realty firm Embassy group, Blackstone and some other investors for Rs 9,782.4 crore. Embassy REIT is India”s first publicly-listed REIT (Real Estate Investment Trust) sponsored by Blackstone and Embassy group. It got […]
Embassy REIT raises Rs 750 crore via NCDs
NEW DELHI: 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 […]