Embassy REIT records highest H1 leasing ever, revises guidance to 6.5 million sq ft for FY25
Bengaluru: Embassy Office Parks REIT, the first listed real estate investment trust (REIT) in India and the largest office REIT in Asia by area, revised its leasing guidance for fiscal 2025 to 6.5 million sq ft from 5.6million sq ft, citing robust demand from corporate occupiers, including global capability centres (GCCs). In the second quarter…
READ MOREEmbassy REIT raises Rs 2,000 crore debt
Embassy Office Parks ‘Embassy REIT’, India’s first listed REIT and the largest office REIT in Asia by area, has raised Rs 2,000 crore debt.The coupon-bearing debt was raised at an interest rate of 7.95%. Embassy REIT will utilize the proceeds from this debt to repay its non-convertible debentures (“NCDs”) of Rs 2,000 crore maturing in…
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Vanguard buys 11.4 mn units of Nexus Select Trust for Rs 158 cr
Investment management firm Vanguard Group on Wednesday bought more than 11.4 million units in REIT firm Nexus Select Trust for ₹158 crore through open market transactions, while Morgan Stanley sold its stake in the company. Nexus Select Trust is India’s first real estate investment trust (REIT) backed by retail properties. According to the bulk deal…
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