Bangalore : Embassy REIT, India’s first publicly listed Real Estate Investment Trust and Asia’s largest office REIT by area, successfully hosted the 3rd edition of its annual flagship corporate event – Occupier Connect – at Hilton Manyata in Bengaluru on March 28^th, 2025.

Home to over 260 marquee corporates, this annual forum of the REIT brought together industry leaders, partners, and occupiers from across Embassy REIT’s pan-India office portfolio for an evening of insight and exchange.

This year’s theme, “The Advent of AI,” sparked dynamic conversations around the transformational potential of artificial intelligence—a technology rapidly reshaping the way we live, work, and think.

The event was headlined by Nandan Nilekani, Chairman and Co-founder of Infosys and Founding Chairman of UIDAI (Aadhaar), and Rishad Premji, Executive Chairman of Wipro, alongside several of Embassy REIT’s leading corporate occupiers.

The post Embassy REIT Hosts 3rd Edition of Flagship Occupier Connect Forum at Hilton Manyata in Bengaluru appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Bengaluru, India, March 3rd, 2025 : Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, has committed an investment of ₹100 crore to fund the Metro ORR Project, supporting Bengaluru’s urban infrastructure development. The investment will contribute to the construction of the Kadubeesanahalli Metro Station on the Outer Ring Road (ORR), which will be named “Embassy TechVillage Kadubeesanahalli Metro Station” for a period of 30 years from its commercial operation date.

Embassy REIT and Bangalore Metro Rail Corporation Limited (BMRCL) signed a definitive agreement on February 28, 2025, for the development of this new metro station along the ORR corridor. The Metro ORR Project, undertaken by BMRCL, is a major infrastructure initiative that spans 17 km from Central Silk Board Junction to K.R. Puram. This corridor, which includes 16 stations, aims to enhance connectivity for thousands of commuters in Bengaluru’s key business districts, including the landmark Embassy TechVillage business park.

Ritwik Bhattacharjee, Chief Executive Officer* of Embassy REIT, said, “As Bengaluru continues to grow as a global business hub, infrastructure must evolve alongside it. Embassy REIT is committed to solving key urban challenges through strategic and long-term investments in mobility solutions. Previously, we invested over ₹180 crores to build a flyover at Embassy Manyata Business Park, significantly decongesting traffic in the area. Additionally, we made around ₹30 crores investment in a pedestrian footbridge for safer movement. Our continued support for the metro expansion reflects our belief in public-private partnerships to drive meaningful change in the city’s infrastructure.” 

Mr. M. Maheshwar Rao, Managing Director, BMRCL, said,  “We are extremely happy that Embassy REIT has come forward with their support for sustainable urban development and urban transport. The Outer Ring Road corridor is an important mobility route in Bengaluru, connecting key commercial hubs, IT parks, and residential areas. Such partnerships are instrumental in accelerating infrastructure growth, and we look forward to working together to build a more accessible and sustainable metro network for the city.”

The post Embassy REIT Invests ₹100 Crore to Support Bengaluru’s Metro Expansion appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Ritwik Bhattacharjee, Interim Chief Executive Officer of Embassy REIT, said, “ We are pleased to announce this fundraise of ₹1,000 crores at a highly competitive rate, which affirms our position as the leading credit in commercial real estate. The offer witnessed strong participation from new and existing investors, including numerous first-time participants across the mutual fund, pension and insurance sectors. Raising a 5-year NCD allows us to optimally stagger our liability profile and ensure we continue to finance our growth and the rollover of debt maturities prudently.” 

Transaction Highlights 

• NCD Issuance of ₹1,000 crores of Embassy REIT Series XII NCDs 2024 with effective interest rate of 7.73%
• Robust demand from institutional investors with 12 different investors participating
• Nearly 55% of the demand generated from existing investors who continue to demonstrate high conviction in Embassy REIT’s industry-leading credit profile
• Annual interest savings of c.70 bps secured with established strategy to capitalize on competitive pricing
• Both CRISIL and CARE have assigned “AAA/Stable” rating to the NCDs issued

Talwar Thakore & Associates served as the legal counsel to Embassy REIT.

The post Embassy REIT Prices ₹1,000 crores of 5-Year Non-Convertible Debentures at 7.73% appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Aravind Maiya, Chief Executive Officer of Embassy REIT, said, 

“We are pleased to announce this fundraise of ₹2,000 crores, which has seen strong participation from mutual funds and banks. The attractive pricing on the term loans and the 3x oversubscription on the listed NCD issuances cements our reputation as the industry’s leading credit. This refinancing continues to allow us to optimally control our balance sheet and positions us to take advantage of future rate cuts to raise capital.”

Transaction Highlights 

• NCD Issuance of ₹900 crores of Embassy REIT Series XI NCDs 2024 with effective interest rate of 7.87%
  • Robust demand from Mutual Funds, Life and General Insurers resulting in NCD subscription of 3x
  • Oversubscription led to a savings of ~10 basis points on the offered rate
  • “CRISIL AAA/Stable” rating assigned by rating agency CRISIL to the NCDs issued
• ₹1,100 crores of term loans from leading PSU & MNC Banks at ~8.0% floating coupon
  • Pricing reflects strong demand for REIT credit by banks looking to actively deploy capital
• All proceeds to be used to refinance existing Series V NCD maturing in October 2024

Talwar Thakore & Associates served as the legal counsel to Embassy REIT.

The post Embassy REIT Successfully Raises ₹2,000 crores Debt at ~7.95% to Refinance Upcoming Non-Convertible Debentures Maturity  appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Embassy Manyata, one of India’s largest office parks and home to over 100,000 employees, served as the perfect venue for this event. Spanning over 120 acres, the park is renowned for its world-class amenities, excellent connectivity, and a strong tenant base, making it an ideal setting for community-driven initiatives like this.

Aravind Maiya, Chief Executive Officer, Embassy REIT, said, 

“We are thrilled by the extraordinary response from our occupiers and participants. With double the registrations compared to last year, Pedal for the Planet has evolved into a city-wide celebration that champions eco-friendly commuting and holistic living. Our priority is to foster engagement within our office parks through various such initiatives, and the remarkable turnout this year is testament to the growing community spirit.” 

The 2024 edition of Pedal for the Planet featured four race categories tailored to all ages and skill levels:

• 30 km Pro-Elite Ride: For seasoned athletes
• 25 km Amateur Ride: Open to cycling enthusiasts
• 15 km Fun Ride: Designed for casual riders
• 1 km Kids Fun Ride: For young children 

Continuing its commitment to environmental responsibility, Pedal for the Planet implemented various sustainable practices, including tree planting for every registration, a no single-use plastic policy, and comprehensive waste management efforts. Additionally, all proceeds from the event were donated to non-profit initiatives supporting the education of underprivileged children and the transformation of local schools.

The post Embassy REIT’s Pedal for the Planet Sees Record Participation with Over 2000 Cyclists at Embassy Manyata, Bengaluru appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.