News for Embassy Office Parks REIT (EMBASSY.BO)

Infosys BPM has leased 130,000 sq ft of office space in Pune's Hinjewadi at Embassy Tech Zone for 36 months, with monthly rentals set at Rs 55 per sq ft. The deal includes 127 car parking slots and maintenance charges, reflecting the growing trend of GCCs and BPMs driving commercial realty demand in IT hubs.

The maturity of Indian REITs is drawing significant domestic and foreign institutional investments into the commercial real estate sector. The high net office space absorption in 2024 and the launch of new REITs are propelling demand, enhancing asset quality, and promoting professional management.

Embassy Office Parks REIT offers strong dividend yield, capital appreciation potential and steady rental growth in commercial leasing space

Embassy Office Parks REIT aims for over 90% portfolio occupancy by FY26E with 10% NOI growth, Buy rating at ₹429.

US-based private equity firm Blackstone and Bengaluru-based real estate developer Sattva Group filed the draft initial public offer (IPO) papers for India's biggest real estate investment trust (Reit) named Knowledge Realty Trust to raise ?6,200 crore. The Reit will be the largest in India in terms of net operating income (NOI) and gross assets value (GAV).

This is Blackstone’s fourth REIT IPO in India after Nexus Select Trust REIT, Embassy Office Parks, and Mindspace Business Parks.

This will be the second largest REIT in Asia by size and the largest in India based on the gross asset value.

Embassy Office Parks REIT invests ₹100 crore in developing Kadubeesanahalli Metro Station, enhancing connectivity in Bengaluru's ORR corridor.

DLF Ltd and GIC consider IPO for DLF Cyber City Developers Ltd instead of REIT due to regulations.

Real Estate Investment Trust or REIT is an emerging way of generating passive income. This kind of passive wealth generation is becoming increasingly popular among Indian investors today.

Office REITs in India see rise in occupancies and rents, driving strong demand and increasing distributions.

Smallcap selloff: Nuvama Institutional Equities said dynamics of the current correction resemble a bear market as the slowdown is now led by domestic credit. SMID profit (ex-BFSI) has slipped into contraction, it said.

Embassy Office Parks REIT reports record revenue, leasing activity, and distributions in Q3 FY2025, showcasing strong performance and growth.

Embassy Group plans to raise Rs 1,600 crore through zero-coupon bonds to fund new projects, refinance debt, and acquire a 5% stake in WeWork India. The debt, raised via its subsidiary Serenesummit Realty, will be secured by pledging shares of WeWork India and other assets. The bond, with a three-year tenure, could offer a 16% IRR, linked to WeWork India's upcoming IPO.

Embassy Office Parks REIT has rented out 2,07,000 square feet office space in Bengaluru to global cybersecurity firm Rubrik, signalling strong demand for premium workspaces. In a regulatory filing on Thursday, the company informed that it has signed an Agreement to Lease (ATL) with Rubrik at 'Embassy TechVillage' project in Bengaluru.

WeWork India has rented about 1.75 lakh sq ft of office space in Bengaluru and Pune to expand its business and cater to a rising demand for managed flexible workspaces.The company will offer around 3,000 desks in these two upcoming coworking centres to its corporate clients.

The Indian REITs Association has a new chairman. Alok Aggarwal will lead the organization. He is the CEO of Brookfield India Real Estate Trust. The association promotes the growth of REITs in India. Aggarwal aims to boost innovation and transparency in the sector. He brings over 30 years of real estate experience to the role.

Alok Aggarwal, MD and CEO of Brookfield India Real Estate Trust, has been appointed Chairman of the Indian REITs Association (IRA). The IRA, founded in 2023, aims to foster the growth of India's REIT sector. Aggarwal's leadership is expected to drive innovation and transparency, creating value for investors and contributing to the sustainable growth of REITs in India.

Embassy Office Parks REIT has raised Rs 1,000 crore through issue of Non-convertible Debentures to repay its outstanding loan. In a regulatory filing on Tuesday, Embassy REIT said it has raised Rs 1,000 crore through five-year coupon-bearing debt at an interest rate of 7.73%.