Embassy Office Parks REIT (Embassy REIT) remains upbeat over its prospects in 2023, but it is now taking steps to “embed future growth” into its portfolio.
And as part of its effort to embed this growth, the REIT is preparing to make a foray into a new office market during the year, beyond Indian cities that it already has a presence in.
The matter was revealed by the REIT’s CEO, Vikaash Khdloya, during an exclusive interview with REITsWeek recently.
Embassy REIT is the first India-listed REIT and it presently has a portfolio of 16 assets across Bengaluru, Mumbai, Pune and the National Capital Region.
The majority of the REIT’s assets are based in Bengaluru.
In a previous interview with REITsWeek, Khdloya explained how a global recession would actually be beneficial for Embassy REIT, and the other REITs listed in India overall.
Related: Global recession will spur demand for Embassy REIT’s office spaces, says its CEO
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