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Embassy Office REIT Raises FY25 Leasing Targets Amid Strong Corporate Demand

Embassy Office Parks REIT, India's first listed REIT and Asia's biggest office REIT by area, increased its fiscal 2025 leasing objective to 6.5 million square feet from 5.6 million. This adjustment shows that corporate occupiers, notably GCCs, continue to seek premium office locations.

By Admin

  • 27th Oct 2024
  • 1161 Views
How Are Flexible Lease Terms Driving a Surge in Office Space Renewals Across India?

Amazon, Cognizant, IBM, Accenture, and McKinsey are renewing leases in India's office space market, which is booming. Bangalore led the list of cities where major firms renewed office space, with 1.6 million square feet renewed between January and July 2024.

By Admin

  • 3rd Sep 2024
  • 1199 Views
IBM Secures Presence in Bengaluru with INR 143 Crore Annual Lease Renewal at Embassy REIT Property

IBM renewed its lease for 830,000 square feet of Embassy Golf Links Business Park office space in Bengaluru. The ₹143 crore yearly leasing contract is one of the biggest in the commercial office space category this year. According to insiders, this initiative would strengthen the US technology giant

By Admin

  • 31st Aug 2024
  • 1227 Views
Volkswagen Tech Arm Leases Office Space of Around 1,23,000 in Hudson Block, Pune

Volkswagen Group Technology Solutions India has leased a three-story commercial tower in Hinjewadi, Pune, for over five years. In the Embassy Tech Zone of the Rajiv Gandhi InfoTech Park in the second phase of Hinjewadi development, this new office occupies over 123,000 sq ft in the Hudson Block.

By Admin

  • 19th Aug 2024
  • 1190 Views
Why is India the Fastest-Growing REIT Market in Asia-Pacific?

India's real estate investment trust (REIT) market grew 31% in 2023, the most in Asia-Pacific, despite a 7% fall overall the $252 billion Asian REIT industry. This increase bodes well for investors in India's young but growing REIT industry.

By Admin

  • 15th Aug 2024
  • 1203 Views
WeWork India Expands with 140,000 sq ft of New Office Space in Bengaluru and Noida

WeWork India leased 140,000 square feet of office space in Bengaluru and Noida to accommodate flexible workspace demand. Their portfolio will grow by 2,400 seats with these additional offices opening between September and October.

By Admin

  • 26th Jul 2024
  • 1208 Views
Apple to Lease Entire Office Tower from Embassy Group in Bengaluru

Apple will lease 400,000 sq ft of office space on Sankey Road from Embassy Group at a record cost of nearly ₹220 per sq foot per month.

By Admin

  • 28th Jun 2024
  • 1279 Views
Bangalore-based Embassy Group Plans IPO for WeWork India Following Full Acquisition

Embassy Group plans to take WeWork India public after acquiring the remaining 27% interest from US-based WeWork for ₹700 crore. Sources say the coworking office platform would be listed on domestic bourses within 18 months.

By Admin

  • 26th Apr 2024
  • 1329 Views
Indiabulls Real Estate Gets INR 1160 Crore Boost from Embassy Group

Embassy Group invested Rs 1,160 crore in Indiabulls Real Estate. Preferential allocation brings additional cash into Indiabulls, enabling new South Indian real estate developments.

By Admin

  • 7th Apr 2024
  • 1339 Views
Embassy Group Introduces Premier Living Spaces in Bengaluru's Whitefield

Embassy Group is set to redefine luxury living in Bengaluru's Whitefield with a joint development venture covering 3.75 acres.

By Admin

  • 10th Feb 2024
  • 1286 Views
The Legend by Ashar - A Symphony of Ultra-Luxury Living in The Heart of Bandra

The Legend by Ashar epitomises ultra-luxury living in Bandra, Mumbai. Based on the charm and elegance of iconic actor Dilip Sahab, this non-redevelopment boutique property on Pali Hill offers a high quality of life. The Legend offers enormous villas with vintage charm and peaceful elegance.

By Admin

  • 27th Jan 2024
  • 1295 Views
SMFG India Credit and Fullerton Financial Holdings Lease Almost 2 Lakh Sq Ft in Embassy 247 Vikhroli, Mumbai

SMFG India Credit Ltd., an affiliate of Sumitomo Mitsui Financial Group (SMFG), and Fullerton Financial Holdings (FFH), an established NBFC, have signed a major leasing agreement with Embassy Office Parks REIT.

By Admin

  • 6th Oct 2023
  • 1723 Views
Embassy Group Will Launch a 4 Million Sq Ft Residential Portfolio

Embassy Group in Bangalore will develop a 4 million-square-foot residential portfolio and anticipates revenue of Rs 3300 crore.

By Admin

  • 10th Jul 2023
  • 1330 Views
Embassy Office Parks REIT Raises 1050 Crore Indian Rupees Via NCD Issue

Embassy office parks REIT, the first listed REIT in India and the largest office REIT in Asia by area, has issued coupon-bearing Non-Convertible Debentures ("NCDs") totaling Rs 1050 crores.

By Admin

  • 8th Jun 2023
  • 1414 Views
Bangalore Based Embassy Group Records Brilliant Residential Earnings Fiscal Year 2023

The Bangalore-based Embassy Group, one of the leading real estate developers in India, achieved one of its greatest residential revenue growths ever in fiscal year 2023, recording revenues of Rs. 1,370 crore, a 210% increase year-over-year.

By Admin

  • 4th Jun 2023
  • 1350 Views
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