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Embassy Office Parks REIT: Embassy REIT to acquire business park in Chennai for Rs 1,269 crore, ET RealEstate

Embassy Office Parks REIT: In a regulatory filing, Embassy REIT informed that it has agreed to purchase Embassy Splendid TechZone (ESTZ), a Grade-A business park, from sponsor Embassy Group for an enterprise value of Rs 1,269 crore.

Tamil naduAravind maiyaJitendra virwaniNational capital regionReal estate investment trustEmbassy business hubEmbassy splendid techzoneEmbassy techvillageEmbassy groupEmbassy office parksWells fargoRepresentative imageManaging directorChief executive officerGlobal capability centresEmbassy office parks reit

Embassy REIT to raise ₹2,500 cr, to buy 5 msf tech park in Chennai

Embassy REIT to raise ₹2,500 cr, to buy 5 msf tech park in Chennai
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Embassy REIT to buy business park in Chennai for EV of Rs 1,269 crore

Embassy REIT to buy business park in Chennai for EV of Rs 1,269 crore
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Tamil naduAravind maiyaJitendra virwaniEmbassy office parksEmbassy splendid techzoneWells fargoEmbassy techvillageEmbassy groupEmbassy business hubGlobal capability centres

Embassy REIT to acquire business park in Chennai for Rs 1,269 crore; plans to raise Rs 2,500 crore

Listed in April 2019, Embassy REIT owns and operates a 45.4 million square feet portfolio of nine infrastructure-like office parks and four city centre office buildings in Bengaluru, Mumbai, Pune, and the National Capital Region (NCR)

Tamil naduAravind maiyaJitendra virwaniEmbassy techvillageEmbassy business hubNational capital regionEmbassy office parksWells fargoEmbassy splendid techzoneEmbassy groupReal estate investment trustManaging directorChief executive officerGlobal capability centresEmbassy reitEmbassy splendid techzone

Embassy REIT to acquire Splendid TechZone asset in Chennai

Embassy Office Parks REIT has agreed to acquire Embassy Splendid TechZone, a Grade-A business park, from Embassy Sponsor, for an Enterprise Value of Rs 1,269 crore. This acquisition marks Embassy REITs debut in Chennai, a thriving office market in India. T

Tamil naduAravind maiyaJitendra virwaniEmbassy splendid techzoneEmbassy business hubEmbassy office parksWells fargoEmbassy techvillageNational capital regionEmbassy groupEmbassy sponsorEnterprise valueManaging directorGlobal capability centresChief executive officerEmbassy reit