Embassy REIT to develop 7.2 million sq ft office space
Publicly listed Real Estate Investment Trust (REIT), Embassy REIT has plans to develop 7.2 million sq ft office space. As per the CEO, the REIT is gearing up for its next growth cycle with a Rs 3,700 crore development pipeline, while maintaining a 51 million sq ft portfolio.
The REIT has also acquired a 3 lakh square feet marquee office property located within Embassy GolfLinks Business Park, in Bengaluru, for Rs 852 crore. This high-quality Grade-A asset is fully leased to a leading global investment firm,
Also Read: Rs 1200 crore raised by Embassy REIT for acquiring commercial assets