Decarbonisation of the real estate industry is critical to the fight against climate change, and the business case for net-zero offices has never been stronger. While a ‘green premium’ for more sustainable buildings is hard to quantify, there is a clear ‘brown discount’ for old, unrefurbished buildings.
Bengaluru (Karnataka) [India], October 11 (ANI/BusinessWire India): Embassy Office Parks REIT ('Embassy REIT'), India's first listed REIT and the largest office REIT in Asia by area, has successfully achieved a Five-Star rating in the Occupational Health and Safety review conducted by British Safety Council. Embassy REIT initiated this review as a best practice, and the result demonstrates its continued commitment towards health and safety management systems to support its occupiers and their employees across its 42.8msf portfolio. Mike Robinson, CEO British Safety Council, said, "Embassy REIT's office parks represent one of the leading commercial real estate portfolio in India to have achieved a five-star rating. The award is an outstanding achievement and is reflective of a proactive organisation which is committed to continual improvement in its health and safety arrangements and managing risks to workers' health, safety and well being." Vikaash Khdloya
Blackstone planned to sell as much as 77 million units of the REIT, representing around 8.12% stake in the commercial office platform, at a floor price of Rs345 apiece
Karnataka: IT Department Conducts Searches At Embassy Group, A Real Estate Firm Closely Linked To Former Congress Minister K.J George swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, reported results today for the third quarter ended December 31, 2021.