Private equity firm Blackstone has put its plans to offload stake in Embassy Office Parks REIT on the backburner and wait for a better exit pricing.

Blackstone puts Embassy REIT exit on the backburner for now

Embassy REIT inked 100 deals in FY23, one of the highest in seven-odd years, and achieved 51 lakh sq ft of space leasing

Momentum build-up seen in small, mid-size office leasing, large deals from H2FY24 onwards, says Embassy REIT CEO

Embassy REIT, sponsored by Blackstone and realty firm Embassy Group, is India’s first publicly listed Real Estate Investment Trust (REIT).

Embassy REIT CEO Vikaash Khdloya Resigns; Aravind Maiya To Become New CEO From July 1

Embassy Office Parks REIT has named Aravind Maiya as its new CEO, effective from July 1, 2023. Maiya previously served as the CFO of the real estate investment trust (REIT), where he played a vital role in its growth since listing. The announcement comes as Vikaash Khdloya, the current CEO, steps do…

Embassy REIT appoints Aravind Maiya as CEO, reports Q4 results

Embassy Office Parks REIT’s CEO Vikaash Khdloya has resigned and the company has appointed Aravind Maiya as the new CEO with effect from July 1 this year.

Embassy REIT CEO Vikaash Khdloya resigns, Aravind Maiya to become new CEO

Embassy Office Parks REIT on Thursday reported an 11 per cent increase in its net operating income at Rs 2,766.3 crore during the last fiscal year and declared distribution of Rs 2,057.9 crore dividend to unitholders.

Embassy REIT clocks 11% growth in net income, declares Rs 2,058 cr dividend

Maiya will replace Vikaash Khdloya, who has expressed his intent to pursue other interests and will step down as CEO effective June 30, 2023. He will assume the role of Senior Advisor to the REIT until the end of this year, the company said.

Embassy REIT appoints Aravind Maiya as CEO

Buzzing stocks on April 27: ACC, Axis Bank, Bajaj Finserv, CPCL, Coforge, Embassy REIT, Gateway Distriparks, Hindustan Unilever, Indian Hotels, Laurus Labs, LTIMindtree, Motilal Oswal, Mphasis, Shriram Finance, Surya Roshini, Tech Mahindra, Trent, Videocon Industries, Welspun India, Wipro, Tata Po…

Stocks that will see action today - April 27

The acquisition is to be completed by April 30, 2023, and involves 1.4 msf of office property in Bengaluru.

Embassy REIT to acquire Embassy Business Hub for Rs 334.8 crore in Bengaluru

Embassy Office Parks REIT has agreed to acquire Embassy Business Hub, a 1.4 million square feet (’msf) office property in Bengaluru, for a total enterprise value of Rs 334.8 crore. Embassy REIT plans to fund the acquisition through debt at an 8.1% interest cost per annum, for which it has secured bi…

Embassy REIT Acquires Embassy Business Hub in Bengaluru for Rs 334.8 crore

Embassy Office Parks REIT on Monday said it has committed over Rs 300 crore for ongoing green initiatives across its commercial projects.