The total portfolio of the JV is 15-16 million sq ft, of which 3-4 million sq ft is operational. Warburg Pincus has a 70% stake, while Embassy Group has 30% shareholding in the JV
The total portfolio of the JV is 15-16 million sq ft, of which 3-4 million sq ft is operational. Warburg Pincus has a 70% stake, while Embassy Group has 30% shareholding in the JV
The office in Chennai will come up in the Brigade World Trade Centre; in Mumbai it has signed a long-term lease agreement for space at Godrej Two and in Bengaluru with Bagmane Rio
Tata Realty has around six million sq ft of office space ready and leased and another one million sq ft is under construction and will be ready by November in Gurgaon.
Apple’s new Bengaluru office is expected to come up at Prestige Mink Square; whereas Wells Fargo is in discussion for a built-to-suit office space in Hyderabad with DivyaSree developers.
It has tied up with Morgan Stanley as a JV partner for the warehousing business and will be concentrating on Bengaluru followed by Mumbai, Hyderabad, Chennai and Pune
It is important to start now and design buildings that are equipped with safe, smart and sustainable building technologies for the future, writes Raj Manek.
Most tenants, especially middle-rung companies, are seeking waivers and deferment of rental payments to tide over the impact of the public health crisis that forced a 68-day national lockdown till May 31 with some restrictions remaining to date.
