Embassy Industrial Parks

Embassy Industrial Parks is comprised of 10.6 million square feet of modern logistics and warehousing assets

Realty firm Embassy group is in the advance stage of talks with global investment firm Blackstone to sell its warehousing and industrial parks business at an enterprise value of around Rs 1,800 crore

Investors prefer warehousing assets because they are more stable than office properties, which were affected by the pandemic, said bankers involved in warehousing deals

Embassy has a long-standing partnership with Blackstone through their JV Embassy Office Parks, which has floated and listed a real estate investment trust (REIT)

Embassy Office Parks REIT to refinance an existing debt of its IT park 'Embassy TechVillage' in Bengaluru

New Vernon's investment panel casts a cloud over Värde's earlier investments

"Warburg is not happy with the speed with which the land acquisition and development happened in the JV," said sources.

He said the domestic logistics sector is projected to grow at CAGR 13 per cent to Rs 9.2 trillion by 2019-20