Page 4 - Embassy Reit

Blackstone, Brookfield bet on Indian office REITs for attractive yield

Brookfield Asset Managem­ent in October agreed to pay $2 billion for 12.5 million square feet of rent-yielding offices and co-working spaces in Asia's No 3 economy

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 Reit to acquire Embassy TechVillage in Bengaluru for $1.3 bn

This is the largest single property commercial deal in the country

Top headlines: Vaccine unlikely before mid-2021, few takers for debt recast

The Central bank has set up an Innovation Hub for the financial sector, last week, Trump asked his senior advisers whether he had options to attack Iran, this and more in today's top headlines

Blackstone-backed Embassy Reit eyes large office parks for acquisition

The Blackstone-backed Reit is looking at an asset size of anywhere between 2 million square feet to 10 million square feet for acquisitions

Embassy REIT Q2 profit flat at Rs 232 crore, revenue up 4% to Rs 540 crore

Embassy REIT reported a flat consolidated net profit in Q2 at Rs 232 cr and a 4% rise in revenue from operation at Rs 540 cr, and said it is looking to acquire large office parks for inorganic growth

Embassy REIT raises Rs 750 crore via non-convertible debentures

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 got listed in April last year after raising Rs 4,750 crore through public issue. In a filing to BSE, Embassy REIT said it has "successfully priced and allotted by way of a private placement, Rs 7.5 billionor Rs 750 crore of rupee-denominated, listed, rated, secured, redeemable, transferable non-convertible debentures (NCDs) at 6.70 per cent quarterly coupon". The NCDs will be listed on the Wholesale Debt Market of BSE. Following our successful Rs 7.5 billion fundraise in September 2020, we are pleased to announce another competitively priced debt raise by Embassy REIT," Michael Holland, CEO of Embassy REIT, said. This successful placement once again demonstrates t

Embassy REIT raises Rs 750 crore through debentures in September quarter

Embassy Office Parks REIT is the country's first Real Estate Investment Trust (REIT), which was launched last year to raise nearly Rs 5,000 crore.

Life sciences is the next logical area for India: Blackstone CEO

CEO Stephen A Schwarzman spoke to Pavan Lall in a video chat about the future of commercial realty in India, recovery from a global recession, India's return to growth path, Covid-19 vaccine and more

Embassy to merge assets with IBREL, create one of India's largest realtors

The proposed merger will be achieved through a cashless scheme of amalgamation

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

Embassy REIT reports marginal decline in Q1 net profit at Rs 204 cr

It announced distribution of Rs 449.9 crore to its unitholders as dividend and interest income

Embassy REIT could see downsides as IT sector scales down presence

Partial stake sale by sponsor Blackstone has hit sentiment

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.

Embassy Office Parks REIT to gain from Covid-19 situation, says CEO

While the Covid-19 pandemic has resulted in an uncertain near-term outlook for many businesses worldwide, Holland said Embassy REIT is uniquely positioned to weather the pandemic

Indiabulls to exit realty biz, merge with entity led by Embassy, Blackstone

In the past two years, IBREL has sold commercial assets to Blackstone for around Rs 12,250 crore

Embassy group REIT picks Kotak Mahindra, Morgan Stanley for fundraising

The trust selected the banks as advisers, said the people, who asked not to be identified as the discussions are private

Embassy REIT posts Rs 232-cr Q2 profit, declares Rs 463-cr dividend payout

Embassy REIT's CEO Michael Holland said the company has reported another strong quarter of performance

Embassy Reit delivers returns of more than 20% since market debut

Not only domestically, but Embassy Reit has also piped most of its global peers in terms of returns in the past three months