Embassy Group Reit Listing

Embassy REIT to acquire business park in Chennai for Rs 1,269 crore

The business park ESTZ comprises 1.4 million square feet of completed area, which is 95 per cent occupied and leased to large global companies such as Wells Fargo and BNY Mellon, among others

Blackstone exits Embassy REIT; sells entire 23.5% stake for Rs 7,100 cr

Global fund Blackstone has sold its entire 23.5 per cent stake in Embassy Office Parks REIT for around Rs 7,100 crore through block deal on stock exchanges, sources said. The company sold its units at around Rs 316 per share, sources said. Some of the existing unitholders have participated in the block deal. SBI Mutual Fund is a new investor, they added. Embassy Office Parks REIT is India's first Real Estate Investment Trust (REIT) sponsored by global investment firm Blackstone and Bengaluru-based realty firm Embassy group. It got listed in 2019 after raising around Rs 5,000 crore through public issue. Last year, Blackstone raised around USD 325 million (about Rs 2,650 crore) by selling its shares in Embassy Office Parks REIT. Post this deal, Blackstone's stake came down to 24 per cent from around 32 per cent earlier. Embassy REIT owns and operates a 45.3 million square feet portfolio of nine infrastructure-like office parks and four citycentre office buildings in Bengaluru, Mumb

Embassy Group planning to infuse more funds into office park REIT

Blackstone Group is the other sponsor of this REIT

Embassy Office Parks Reit IPO subscribed 2.5 times

Reit is an investment vehicle that owns rent-yielding real estate. The income generated is distributed to unit holders

Embassy Office Parks REIT IPO: Here's what top brokerages recommend

The offer, which will end on March 20, was subscribed 20 per cent on first day of the bidding process, NSE data showed.

Embassy group may defer Reit listing till 2018

Reits are like mutual funds, units of which can be traded on exchanges