Colliers Collaborates with Embassy Group and SAS Infrastructure on the Development of Three Office Complexes in Hyderabad

Colliers has launched a joint venture with the Embassy Group and SAS infra to build three office complexes totaling 14 million square feet in Hyderabad. The first of the buildings, the 36-story Embassy SAS I Tower, is presently under construction and will total 5.2 million square feet, while the second, the 3 million square foot Embassy Diamond Tower, has commenced excavation. 

Crown, the third project, will have a capacity of 3 million square feet of commercial space and will be developed in collaboration with Embassy and SAS Infra.

The project represents the Embassy Group's return to Hyderabad and gives the company access to significant office development projects in desirable locations. SAS will capitalise on Embassy Group's excellent development skills and capacity to recruit international customers.

Colliers Financing Markets and Investment Services has been assisting major developers and multinational institutions in growing their portfolios via joint ventures, acquisitions, and capital solutions. Colliers' experienced and knowledgeable team built a win-win solution for two significant players.

"With the Embassy's arrival into Hyderabad, the market will see the delivery of world-class office space and multinational occupiers relocating to the city," said Piyush Gupta, MD, Colliers India's capital markets and investment services (CMIS). 

Our team, as the only adviser on the projects, achieved a win-win arrangement for both parties."

Colliers is a global leader in the project management business, having spent decades in long-term partnerships to guarantee customers get service that is second to none. Colliers' previous work with the Embassy Group demonstrates its capacity and aptitude to develop and execute multi-large complex projects spanning countries and asset types.

"This is a watershed event for Colliers," noted Indranil Basu, MD, project management, South India at Colliers. "We have expedited our client's success by leveraging the transaction's potential." The deal's USP was to combine our partners' complementary skills and develop a route to increase the value of the assets, which Colliers effectively accomplished."

Colliers has been instrumental in the development of Grade A+ office space alongside top developers and investors, generating value via digital initiatives, sustainability, and assisting clients in making buildings future-ready. We have been pioneers in campus creation that can be benchmarked to the highest international standards, and this concentrated effort has resulted in a strong client repository.