An Embassy Office Parks REIT asset in Embassy Quadron. (Photo: Embassy REIT)An Embassy Office Parks REIT asset in Embassy Quadron. (Photo: Embassy REIT)

Embassy Office Parks REIT (Embassy REIT) announced on 28 January that its net operating income (NOI) for its third quarter has grown by 30% to INR6210 million.

During the period, the REIT leased 428k square feet of commercial space at 24% spreads across 15 deals, and achieved 14% rent increases on 1.8 million square feet.

These leases include 8 new occupiers, including those from high-growth sectors such as SaaS, logistics and e-commerce, said the REIT.

Related: Undaunted by WFH, Embassy REIT sees strong office demand on unique Indian circumstances


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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.