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Embassy Group ties up with Ivanhoe to roll out $500 mn investment fund

The Canadian partner and Embassy will be investing in an 80:20 ratio, with an initial focus on the southern Indian markets of Bengaluru and Chennai

Embassy group may defer Reit listing till 2018
The seed asset for the platform will be the first phase of the 60-acre Embassy East Business Park in Bengaluru

Real estate player Embassy Group and Ivanhoe Cambridge, a subsidiary of Canada's institutional fund managers CDPQ, have partnered to launch a $500-million investment fund focused on office business parks. While the Embassy Group will lead all real estate development, project management, leasing and operations, Ivanhoe Cambridge will leverage their expertise in investment. The Canadian partner and Embassy will be investing in an 80:20 ratio, with an initial focus on the southern Indian markets of Bengaluru and Chennai. “Through the Embassy-Ivanhoé commercial ...