Ashwini Walawalkar, Country Head - Technique Control Facility Management, Embassy Group, sheds light on how the company is striving toward inclusivity and innovation in their operations
Collaboration between Colliers’ Capital Markets & Project Management team leads to one of the largest partnerships in South India in the office sector
Allianz and Embassy group signed up for leasing out 463,704 sqft of the Grade A office space and the deal marked the largest single office lease transaction in the state.
The discussion is on for complete divestment of the JV between Embassy and Warburg Pincus called Embassy Industrial Parks; and the deal comprises of projects in Chakan, Pune; Sriperumbudur and Hosur in Tamil Nadu; Farrukhnagar and Bilaspur in Delhi NCR; and Kothur in Hyderabad
Nucleus Office Parks will expand once Blackstone buys 16 mn sq. ft of commercial assets from Prestige Group. Blackstone is the largest office owner in India with a portfolio of 118 million sq. ft across 44 assets in six cities.
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
