Embassy REIT Acquires Embassy Business Hub in Bengaluru for Rs 334.8 crore.
Embassy Office Parks REIT has agreed to acquire Embassy Business Hub, a 1.4 million square feet (‘msf’) office property in Bengaluru, for a total enterprise value of Rs 334.8 crore. Embassy REIT plans to fund the acquisition through debt at an 8.1% interest cost per annum, for which it has secured binding commitments from leading financial institutions.
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