 "Aditya Virwani, COO, Embassy Group")
Embassy Group plans to add more assets to its office park real estate investment trust (REIT) in the coming quarters.
The Bengaluru-headquartered real estate entity was the first company to list its REIT on Indian stock exchanges, after raising Rs 3,000 crore earlier this year through issue of non-convertible debentures maturing June 2022 with annual yield of 9.4 per cent.
Blackstone Group is the other sponsor of this REIT.
“Our REIT is performing pretty well and we are putting in some more assets into it,” said Aditya Virwani, chief operating officer at Embassy. “We are more inclined towards the REIT model because of
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