BQ Blue’s special research section brings together in-depth and quality research reports on stocks and the economy from India’s leading brokers, asset managers and research agencies. These reports offer BloombergQuint subscribers the opportunity to broaden their understanding of companies, sectors and the economy. The Embassy Office Parks real estate investmentRead More →
NEW DELHI: Embassy Office Parks REIT on Friday announced a 30% increase in its net operating profit to Rs 621.3 crore for the quarter ended December 2021 and announced the distribution of Rs 493 crore to unitholders . Michael Holland, CEO of Embassy REIT, said the company’s performance was strongRead More →
Embassy Office Parks REIT, Asia’s largest office property investment trust by area, sees no significant impact from Omicron cases or the rise in Covid, either on rentals or absorption (of offices) . In fact, the company – India’s top listed REIT – says it is “on track” with its FY22Read More →
NEW DELHI: Embassy Office Parks REIT (Embassy REIT) announced a 30% increase in its net operating income to Rs 624 crore, with 85% NOI margin, the company said in a BSE filing. Its operating income was Rs 735.20 crore in the second quarter of FY22, up 36% from the RsRead More →
NEW DELHI: Embassy Office Parks REIT (Embassy REIT) has raised Rs 4,600 crore in debt bearing coupons at an interest rate of 6.5%. The proceeds of this increased debt will be used by Embassy REIT to repay its existing zero coupon bond of Rs 4,530 crore. The Debenture Committee approvedRead More →
Embassy Office Parks REIT announced that it has been awarded a 4-star rating (out of 5 stars) in the 2021 Real Estate Assessment by GRESB, the world’s leading ESG benchmark for real estate and infrastructure investments. In its first year of participation, Embassy REIT achieved Green Star status and anRead More →
Global fund Blackstone has sold around 5.7 crore units in Embassy Office Parks REIT for more than Rs 2,000 crore (USD 275 million) as part of its strategy to monetize part of its investment, people said. sources. Embassy Office Parks REIT is the nation’s premier real estate investment trust (REIT),Read More →
NEW DELHI: Global fund Blackstone has sold approximately 5.7 crore units in Embassy Office Parks REIT for over Rs 2,000 crore (USD 275 million) as part of its strategy to monetize part of its investment, sources said. Embassy Office Parks REIT is the nation’s premier real estate investment trust (REIT),Read More →
Blackstone sold approximately 2,025 crore ($ 275 million) shares in Embassy Office Parks REIT, representing 5.7% of the company’s market value, a person familiar with the report said. case. ADVERTISING The private equity firm (PE) sold 57 million shares through 14 affiliates at an average price of 355.2. This bringsRead More →
MUMBAI: Global private equity group Blackstone reduced its stake in real estate investment trust (REIT) Embassy Office Parks REIT through open market block trades on Wednesday. The institutional investor raised $275 million or more than Rs 2,025 crore by selling around 6% stake in the listed entity. The transactions hadRead More →
Embassy Office Parks REIT leased 5.45 lakh square feet of office space in a total of 9 transactions and received over 99% of office rents on an operating portfolio of 32.3 million square feet during the quarter ended June. The REIT achieved a stable portfolio occupancy rate of 89% withRead More →
NEW DELHI: Embassy Office Parks said the trading lot size for REIT Embassy units on the exchanges will be reduced to one unit from the current lot size of 200 units, the company said in a press release . The minimum subscription amount required for unitholders to subscribe is betweenRead More →
Bengaluru: Embassy Office Parks REIT announced a 12% increase in its net operating income for the fiscal year ended March 2021 to Rs 2032 crore compared to the previous fiscal year. India’s first listed Real Estate Investment Trust (REIT) and the largest in Asia also reported a 10% increase inRead More →
Potentially higher dividend share in the distribution of fiscal year 22E: out of the distribution of Rs 15.88 / unit for 9MFY21, 5% was in the form of dividends, 56.7% in the form of debt amortization at the level SPV and 38.2% in the form of interest According to anRead More →
As part of the arrangement, Embassy Office Parks REIT plans to simplify the structure of the portfolio’s key assets. (Photo: REUTERS) Embassy Office Parks REIT has received approval from the NCLT for a plan of arrangement that will help the trust simplify the ownership of key portfolio assets. According toRead More →
Embassy Office Parks REIT, India’s first listed REIT and Asia’s largest office REIT by area, has received approval from the National Company Law Tribunal (“NCLT”) to restructure and simplify ownership of key portfolio assets, including including Embassy Manyata and Embassy TechZone. . Embassy REIT launched the program to simplify itsRead More →