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Embassy Office Parks Reit latest corporate news & announcements, Be updated on the live and latest happenings in Embassy Office Parks Reit with the fastest & most reliable source Our business itself is simple: we own and operate the best portfolio of commercial assets in India with a suite of complementary hospitality and renewable energy assets that cater to our needs of our tenants in our office parks and commercial offices. Please click "I Agree" at the bottom. We believe that, by running our business well and by communicating with investors openly, we can maximize the value of our units by increasing the distributions, the Net Asset Value (NAV) and consequently provide you, the unitholder, with the total returns that you should expect from a best-in-class REIT. Embassy REIT, India’s first publicly listed REIT, announced today that it has agreed to purchase Embassy TechVillage assets (“ETV”) from affiliates of Embassy Sponsor, Blackstone Sponsor and other selling shareholders for a total consideration of ₹97,824 million ($1.3 billion), subject to Unitholder and regulatory approvals. It has 11 commercial assets (office parks and city-centric offices), four hotels, and a solar plant. Embassy REIT is exercising its right under the ROFO agreement to acquire the asset. The REIT also plans to refinance existing ETV debt facilities of up to c.₹36 billion ($492 million) through a combination of equity and issuance of new coupon bearing debt. Tel: +91 80 3322 0000 2nd Annual Unitholders’ Meeting 2 I. FY2020 Highlights Embassy Manyata, Bengaluru. Embassy REIT’s portfolio comprises 26.2 msf completed operating area, has an occupancy of 91.7% as of September 30, 2020, and is home to many of the world’s leading companies as occupiers. We will not condone any form of insider trading, and we will prosecute individuals and organizations to the fullest extent of the law if they trade our units unlawfully. It will be first such QIP by a real estate investment trust in the country. The REIT proposes to fund this c.₹98 billion ($1.3 billion) acquisition by issuing equity of c.₹60 billion ($812 million) through a combination of an institutional placement of c.₹37 billion ($500 million), and by way of a preferential issue of units to third-party selling shareholders of c.₹23 billion ($312 million). The portfolio also comprises strategic amenities, including two operational business hotels, two under‑construction hotels, and a 100MW solar park supplying renewable energy to park occupiers. Embassy Office Parks REIT is an India-based company that owns office portfolio. In addition to statements which are forward looking by reason of context, the words ‘may’, ‘will’, ‘should’, ‘expects’, ‘plans’, ‘intends’, ‘anticipates’, ‘believes’, ‘estimates’, ‘predicts’, ‘potential’ or ‘continue’ and similar expressions identify forward-looking statements. For convenience purposes only, the exchange rate used in this press release is $1 = ₹74. Extraordinary Meeting of Unitholders I. According to sources, the REIT could raise anywhere between $500 million and $600 million. Home to over 45,000 employees of 40+ corporate occupiers, ETV is an infrastructure-like asset that serves as a complete business ecosystem for its occupiers and their employees. At Embassy Office Park, we promise to treat your data with respect and will not share your information with any third party. Embassy REIT is India's first publicly-listed real estate investment trust sponsored by Blackstone and Embassy group. This press release contains forward-looking statements based on the currently held beliefs, opinions and assumptions of the Manager. EMBASSY OFFICE PARKS REIT: REIT Announces Results for Second Quarter and Half Year Ended FY2020-21; Net Operating Income up 10% YoY, Declares Quarterly Distributions of Rs … Head - Capital Markets & Investor Relations Embassy REIT Overview Embassy Manyata, Bengaluru 2. Morgan Stanley and Kotak Investment Banking are serving as joint financial advisors to Embassy REIT, while S&R Associates and Clifford Chance are acting as legal advisors to Embassy REIT. At the current share price of Rs 355.40, this results in a dividend yield of 4.59%. Karnataka, India 2nd Annual Unitholders’ Meeting 3 Strong business performance and distribution mainly driven by robust leasing, mark-to-market rental reversions and early delivery of on-campus development projects Operating … Royal Oaks Phone: +91 80 3322 2222, Head - Capital Markets & Investor Relations The REIT comprises c.26.2 msf of completed and operational commercial properties across India. Listed in April 2019, Embassy REIT owns and operates a 33.3 million square feet (msf) portfolio of seven infrastructure-like office parks and four city‑centre office buildings in India’s best-performing office markets of Bengaluru, Mumbai, Pune, and the National Capital Region (NCR). The acquisition comprises c.6.1 million square feet (“msf”) of completed area, c.3.1 msf of under-construction area, of which 36% is pre-leased to JP Morgan, and two proposed 518-keys Hilton hotels within the overall ETV campus. Off Intermediate Ring Road We will not selectively disclose any material information to any member of the public. Ritwik Bhattacharjee Embassy Office Parks REIT is the owner of a high quality office portfolio in India that serves as essential corporate infrastructure to multinational tenants and has significant embedded growth prospects. Embassy Office Parks is India’s first publicly listed Real Estate Investment Trust (REIT). Given these risks, uncertainties and other factors, including the impact of COVID-19 on us, our occupiers and the Indian and global economies, recipients of this press release are cautioned not to place undue reliance on these forward-looking statements. Embassy Office Parks REIT today approved fund raising plans through institutional placement of its securities. By providing your email address below, you are providing consent to Embassy Office Park to send you the requested Investor Email Alert updates. The acquisition will increase Embassy REIT’s commercial office portfolio by 28 per cent to 42.4 msf. Royal Oaks This press release also contains certain financial measures which are not measures determined based on GAAP, Ind-AS or any other internationally accepted accounting principles, and the recipient should not consider such items as an alternative to the historical financial results or other indicators of Embassy REIT's cash flow based on Ind-AS or IFRS. If you experience any issues with this process, please contact us for further assistance. Email: [email protected]. Embassy Office Parks Management Services Private Limited (“the Manager”) in its capacity as the Manager of the Embassy Office Parks REIT (“Embassy REIT”), and Embassy REIT make no representation or warranty, express or implied, as to, and do not accept any responsibility or liability with respect to, the fairness and completeness of the content hereof. Take a moment to download our company snapshot and browse through the attributes of our 33.3 msf portfolio. The Company focuses primarily on real estate projects in the commercial segment of the real estate industry. Dividend details on Embassy Office Parks REIT, including the record date or ex-dividend date for payment of dividend. Email: [email protected] You must click the activation link in order to complete your subscription. Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the largest in Asia by area, is pleased to announce that the REIT will be included in the S&P Global Property Index and S&P Global REIT Index effective November 2, 2020. Listed in April 2019, we own and operate a 33.3 million square feet (msf) portfolio of seven infrastructure-like office parks and four city‑centre office buildings in India’s best performing office markets of Bengaluru, Mumbai, Pune, and the National Capital Region (NCR). Embassy Office Parks REIT Extraordinary Meeting of Unitholders December 10, 2020. Even though the non-GAAP financial measures are used by management to assess Embassy REIT's financial position, financial results and liquidity and these types of measures are commonly used by investors, they have important limitations as analytical tools, and the recipient should not consider them in isolation or as substitutes for analysis of the Embassy REIT's financial position or results of operations as reported under Ind-AS. The proposed placement of units is expected to increase the REIT’s public float, enhance its liquidity, and serve as a catalyst for the REIT’s potential inclusion into additional benchmark global equity indices. Ltd (part of the Embassy group). After submitting your request, you will receive an activation email to the requested email address. 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