Embassy Office Parks REIT is bullish on demand for workspaces and plans to acquire 10-12 million sq ft of area over the next 3-4 years to expand its portfolio and grow business, a top company official said.
Embassy REIT owns and operates a portfolio of over 52 million square feet of office spaces across Bengaluru, Mumbai, Pune, Delhi-NCR and Chennai.
In an interview with PTI, Embassy REIT CEO Amit Shetty highlighted that demand for office spaces remains strong despite global uncertainties.
He noted that foreign firms are actively leasing premium office spaces to set up Global Capability Centres (GCCs) across major cities. The coworking segment is also performing well due to high demand for managed flexible workspaces.
To cater for this rising demand, Amit said the company is constructing 6.2 million sq ft of office spaces at a total cost of Rs 3,500 crore.
That apart, the company is looking for inorganic growth as well.
“We are looking at acquiring in the top five-six cities of t
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