Blackstone JV in $750m office space build up

published 19th August, 2016

Embassy Office Parks will invest $750 million (Rs.5000 crore) in the next three years as technology services boost office space absorption in cities such as Bengaluru, Hyderabad, Chennai and Pune.
The equal joint venture between Blackstone, world’s largest private equity manager and Embassy Group aims to build an additional 16.5 million sqft office supply across these four cities mostly through debt financing, says Mike Holland, CEO, Embassy Office Parks. This will probably make the deal
one of the biggest ongoing capex program in the Indian Commercial Real estate scenario.

Read more about this news at Times of India