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

Dear members, please login to continue reading this article.

Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here. Why subscribe?

By Shariffa Al-Habshee

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