Page 2 - Embassy Group

$1.5-billion deal of Blackstone-Prestige Estates gets CCI approval

Valued at $1.5 billion, this is one of the largest real estate deals in the country comprising the sale of 21 million square feet of assets

Deal talks between Embassy, logistic firms hit an impasse on valuation

Warburg Pincus has 70 per cent in the joint venture while Embassy has 30 per cent

Embassy bets big on ready-to-move luxury homes after selling 75% inventory

Looks to sell balance 25% in 1-2 years, says will get the structure of future projects ready before marketing so that customer get touch-and-feel

TechVillage deal done, Embassy to sell more assets to its listed REIT

The TechVillage sale for $1.3 bn was the country's single largest commercial property deal, and made Embassy REIT the largest in Asia by office space

Embassy to compete with Oyo as it rolls out asset light business model

Under Olive Residences, the Bengaluru-based company will be taking up existing residential buildings and hotels in partnership with owners for a performance-based management fee

Real estate players eye data centres to create separate class of assets

Players such as Puravankara, Salarpuria Sattva in talks to develop data centres in top metros

Embassy Group in talks with CDPQ arm to set up investment platform

Leading realty firm Embassy Group is in talks with Canada pension fund CDPQ's arm Ivanhoe Cambridge to set up an investment platform for development of office projects, sources said

Indiabulls Real Estate surges 7% as Embassy Group signs merger agreement

Jitendra Virwani along with other promoter entities of NAM Estates will become the new promoters of IBREL upon completion of merger

Embassy Group to merge assets into IBREL to create India's largest realtor

Embassy Group already has around 14 per cent stake in Mumbai-based IBREL and the same will increase to 45 per cent after the merger of assets of these two companies

Embassy Group in talks with Indospace, ESR to monetise warehousing business

The total portfolio of the JV is 15-16 million sq ft, of which 3-4 million sq ft is operational. Warburg Pincus has a 70 per cent stake, while Embassy Group has 30 per cent shareholding in the JV

Embassy group looking to monetise warehousing biz at a value of Rs 2,000 cr

The group is in talks with few potential buyers to monetise completed and under-construction assets of the JV

Blackstone launches block deal in Embassy REIT to raise $250 million

The secondary placement of units in a price band of Rs 340-350 apiece is at a discount of 3.7-6.4 per cent to Tuesday's closing price of Rs 363.55 on the National Stock Exchange.

WeWork Global to invest $100 mn in India business to help boost growth

WeWork said the Covid-19 pandemic has accelerated the shift to flexible workspaces, with businesses of all sizes looking to manage cash-flows effectively by moving costs to a variable model

Warburg Pincus is looking to exit joint venture with Embassy Group

"Warburg is not happy with the speed with which the land acquisition and development happened in the JV," said sources.

Embassy to merge some of its properties with Indiabulls Real Estate

The companies did not share details of the properties they are merging

The co-living space heats up with real estate biggies making a beeline

While builders such as Embassy and Brigade are aiming at creating exclusive coliving brands, others are investing in startups active in the segment

Top realtors in talks with Graphite India to acquire Bengaluru land

Deal size expected to be in the Rs 2,000-25,000 crore range

Embassy Group planning to infuse more funds into office park REIT

Blackstone Group is the other sponsor of this REIT

M P Lodha India's richest realty tycoon, DLF's Rajiv at second spot: Report

Lodha Developers' M P Lodha and family has been named India's richest real estate entrepreneur with a wealth of Rs 31,960 crore followed by DLF's Rajiv Singh and Embassy group founder Jitendra Virwani in the second and third position respectively, according to a report. Hurun Report and GROHE India on Monday released the third edition of GROHE Hurun India Real Estate Rich List 2019' featuring the richest real estate entrepreneurs in India. "With a wealth of Rs 31,960 crore, Mangal Prabhat Lodha & family of Macrotech Developers (earlier named Lodha Developers) retained the top spot in GROHE Hurun India Real Estate Rich List 2019 for the second consecutive year," the report said. Lodha family's wealth increased by 18 per cent during 2019 and was 12 per cent of the cumulative wealth of the remaining 99 Indians featured on the list. "At number two is Rajiv Singh of DLF (up one rank) with a wealth of Rs 25,080 crore up 42 per cent as compared to 2018," the report said adding that ...

Land-buying hurdle hits private equity firms betting on warehousing units

The JV had an equity base of $250 million. Four years since the signing of the pact, people in the know say the JV may invest just $100 million