Embassy REIT Plans to Sell Quadron Office Campus in Pune, Expects Rs 1,200 Crore
Embassy REIT is expecting to fetch more than Rs 1,200 crores for the sale of Embassy Quadron, a 1.9 million sq ft office campus in Pune.
Embassy ReitQuadron Office CampusPuneReal EstateOffice SpacesReal Estate PuneJul 19, 2024
The Quadron office campus is a prime property in Pune, with a strong tenant base and a high occupancy rate. The sale of the campus is seen as a strategic move by Embassy REIT to unlock value and strengthen its balance sheet.
Embassy REIT, which is listed on the Indian stock exchanges, has a diverse portfolio of commercial properties across India, including office spaces, warehouses, and industrial parks. The company has a strong track record of acquisitions and divestments, and the sale of Quadron office campus is expected to be a significant transaction for the company.
Pune, which is known as the IT hub of India, has seen significant growth in the real estate sector in recent years. The city is home to many leading IT companies, startups, and multinationals, which has driven demand for office spaces and residential properties.
Embassy REIT is a leading real estate investment trust in India, listed on the Indian stock exchanges. The company has a diversified portfolio of commercial properties, including office spaces, warehouses, and industrial parks.
Embassy REIT is a leading real estate investment trust in India, with a diversified portfolio of commercial properties across the country. The company is listed on the Indian stock exchanges and has a strong track record of acquisitions and divestments.
Frequently Asked Questions
What is the expected sale value of Embassy Quadron?
More than Rs 1,200 crores.
What is the leasable area of Embassy Quadron?
1.9 million sq ft.
Where is Embassy Quadron located?
Pune, India.
What is Embassy REIT's business model?
Embassy REIT is a real estate investment trust that owns and operates a diversified portfolio of commercial properties across India.
Why is Embassy REIT selling Embassy Quadron?
The sale of Embassy Quadron is seen as a strategic move by Embassy REIT to unlock value and strengthen its balance sheet.
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