India’s Embassy Office REIT Says 2021 Will Be a Better Year (Bloomberg) January 11, 2021 – Embassy Office Parks REIT CEO Michael Holland said in a Bloomberg interview that he is expecting a pick up in office demand in India in the coming months. “The customer base for our type of office product and therefore […]
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Embassy REIT Raises Rs. 36.8 Billion (US$ 501 Million) Unit Capital Through an Institutional Placement of Units (Business Wire India) December 23, 2020 – Embassy Office Parks REIT, India’s first listed REIT and one of the largest in Asia by area, announced that it has successfully completed a unit capital raise of Rs. 36.8 billion ($501
India’s Embassy REIT Aims to Raise US$500 Million QIP to Fund Embassy Tech Village Acquisition (Mint) December 16, 2020 – Embassy REIT, India’s first public listed real estate investment trust, plans to raise USD $500 million through a qualified institutional placement (QIP) to fund its acquisition of commercial asset Embassy Tech Village (ETV) in Bengaluru,
Blackstone, Brookfield Bet on India Office Reits For Yield (Bloomberg) December 10, 2020 – Some of the world’s biggest investors are snapping up office space in India with plans to turn them into real estate investment trusts, betting that demand will sustain and provide attractive yields in coming decades. Brookfield Asset Management Inc. in October
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Embassy REIT Announces ₹98 billion ($1.3 billion) Acquisition of Embassy TechVillage November 19, 2020- Embassy REIT, India’s first publicly listed REIT, announced today that it has agreed to purchase Embassy TechVillage assets (“ETV”) from affiliates of Embassy Sponsor, Blackstone Sponsor and other selling shareholders for a total consideration of ₹97,824 million ($1.3 billion), subject to
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Embassy REIT To Acquire Property Maintenance Business Of Existing REIT Properties At Embassy Manyata And Embassy TechZone October 23, 2020 – Embassy Office Parks REIT, India’s first listed Real Estate Investment Trust and the largest in Asia by area, today announced that the Board of Directors of Embassy Office Parks Management Services Private Limited, Manager to Embassy
Brookfield’s REIT Issue May Spur Investment, Demand In Indian Commercial Real Estate: Experts (The Economic Times) October 8, 2020 – Global investment firm Brookfield’s proposal to launch REIT public issue for raising over Rs 4,000 crore augurs well for the future of India’s office market and will boost investment as well as demand-supply in this
Keppel Land Collaborates With TVS Emerald To Develop Premium Residential Project in Chennai September 3, 2020- Keppel Land Limited (Keppel Land), through its wholly-owned subsidiary, has entered into a joint venture with leading Indian developer, Emerald Haven Realty Ltd (TVS Emerald), a TVS Group company, to jointly develop a freehold condominium project on a prime
Mutual Fund Investment In REITs Jumps 3-Fold In First Half Of 2020 in India (The Economic Times) August 31, 2020- New Delhi: Emerging investment instrument REIT seems to be finally catching investors’ fancy, with mutual funds investing a whopping Rs 735 crore in such units in the first six months of 2020, nearly three-fold jump
Brookfield Picks Banks For $500 Million REIT IPO In India (Bloomberg) July 27, 2020 — Brookfield Asset Management Inc. has picked banks for an initial public offering of its India real estate investment trust that could raise at least $500 million, according to people familiar with the matter. The Canadian asset manager has selected Bank of America
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