Page 2 - Embassy Group

Embassy Group plans to explore more opportunities in warehousing

Embassy plans to use the funds from the deal as growth capital in its office and residential projects

Varde Partners in talks with Embassy to extend Rs 900-crore loan

Varde is also in talks to lend about Rs 1,200 crore to Hyderabad-based Phoenix Group

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

Blackstone in the final leg of talks to buy out Embassy Industrial Parks

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)

New investors flock to warehousing as existing ones rush for exit door

Savills Research expects private equity investors to assess an opportunity of around $330 million in the industrial and warehousing segments in 2021

Embassy Office Parks REIT to float QIP, may raise up to $600 million

Floor price of Rs 348.38 per unit approved

$1.5-billion deal of Blackstone-Prestige Estates gets CCI approval

Valued at $1.5 billion, this is one of the largest real estate deals in the country comprising the sale of 21 million square feet of assets

Deal talks between Embassy, logistic firms hit an impasse on valuation

Warburg Pincus has 70 per cent in the joint venture while Embassy has 30 per cent

Embassy bets big on ready-to-move luxury homes after selling 75% inventory

Looks to sell balance 25% in 1-2 years, says will get the structure of future projects ready before marketing so that customer get touch-and-feel

TechVillage deal done, Embassy to sell more assets to its listed REIT

The TechVillage sale for $1.3 bn was the country's single largest commercial property deal, and made Embassy REIT the largest in Asia by office space

Embassy to compete with Oyo as it rolls out asset light business model

Under Olive Residences, the Bengaluru-based company will be taking up existing residential buildings and hotels in partnership with owners for a performance-based management fee

Real estate players eye data centres to create separate class of assets

Players such as Puravankara, Salarpuria Sattva in talks to develop data centres in top metros

Embassy Group in talks with CDPQ arm to set up investment platform

Leading realty firm Embassy Group is in talks with Canada pension fund CDPQ's arm Ivanhoe Cambridge to set up an investment platform for development of office projects, sources said

Indiabulls Real Estate surges 7% as Embassy Group signs merger agreement

Jitendra Virwani along with other promoter entities of NAM Estates will become the new promoters of IBREL upon completion of merger

Embassy Group to merge assets into IBREL to create India's largest realtor

Embassy Group already has around 14 per cent stake in Mumbai-based IBREL and the same will increase to 45 per cent after the merger of assets of these two companies

Embassy Group in talks with Indospace, ESR to monetise warehousing business

The total portfolio of the JV is 15-16 million sq ft, of which 3-4 million sq ft is operational. Warburg Pincus has a 70 per cent stake, while Embassy Group has 30 per cent shareholding in the JV

Embassy group looking to monetise warehousing biz at a value of Rs 2,000 cr

The group is in talks with few potential buyers to monetise completed and under-construction assets of the JV

Blackstone launches block deal in Embassy REIT to raise $250 million

The secondary placement of units in a price band of Rs 340-350 apiece is at a discount of 3.7-6.4 per cent to Tuesday's closing price of Rs 363.55 on the National Stock Exchange.

WeWork Global to invest $100 mn in India business to help boost growth

WeWork said the Covid-19 pandemic has accelerated the shift to flexible workspaces, with businesses of all sizes looking to manage cash-flows effectively by moving costs to a variable model

Warburg Pincus is looking to exit joint venture with Embassy Group

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