Deal Closed | Embassy Group | Sale of Embassy TechVillage to Embassy Office Parks REIT

The details of the deal are as under:

Sector: Real Estate 

Announcement Date: 17-Nov-2020 

Name of Client: Embassy Office Ventures Private Limited 

Name and Description of Acquirer: Embassy Office Parks REIT | India  

Name and Description of Seller: Embassy Office Ventures Private Limited | India | Seller 

Deal Description: Khaitan & Co advised Embassy Group in relation to the sale of Embassy TechVillage from its current owners/stakeholders (including the Embassy Group) to Embassy Office Parks REIT. 

Embassy TechVillage is a large scale business park in the leading Outer Ring Road sub-market of Bengaluru. It has a diversified blue-chip and predominantly multinational occupier base. 

Total Consideration: Total deal value is US$ 1.3 billion 

Team Members: Rajiv Khaitan (Partner), Udayarkar Rangarajan (Partner) Rishabh Bharadwaj (Partner), Prashanth Ramdas (Principal Associate), Mrudul Dadhich (Senior Associate), Kamna Kumar (Senior Associate), Srikanth Mantravadi (Senior Associate), Vishakha Sharma (Associate) and Divya Gupta (Associate)